CCI support zone 75 hit

Support zone: close above is a hit. Close on the level is a push. Graded on the regular-session close.

A support zone is a price below the market where a large amount of options positioning sits. The idea is that this positioning can slow a move down there, so the test is simple: does the stock close above it? When it was posted at 10:10 ET, CCI traded at 77, 2.7% above the support zone. On the same map, the next level above was 80 and the next level below was 72.5. See the original post.

Price never closed a 5-minute bar on the wrong side of the support zone. Its closest approach was 0.72 away (75.72); the session range was 75.72 to 79.66. In the last hour price moved up 1.42, from 78.22 to 79.64.

The regular-session close was 79.65, 4.65 (6.20%) above the support zone at 75. Under the rule (support zone: close above is a hit), that is a hit.

Tower stocks rallied after SpaceX agreed on the evening of Oct 8 to acquire Grain Management's nationwide 800 MHz low-band spectrum. Investors read it as a possible new tenant for existing cell towers, and Crown Castle opened sharply higher and extended gains into the close. CCI finished the day up 15.6%, while SPY was up 0.6%.

• Benzinga: Crown Castle stock jumping as SpaceX acquires 800 MHz spectrum (Oct 9, 2026)
• Investing.com: Why is Crown Castle stock surging today?
• The Motley Fool: Why Crown Castle stock soared today (Oct 9, 2026)