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American Tower C: The Winning Streak Continues (AMT)

By Shiri Gupta

American Tower C (NYSE:AMT) traded today at a new 52-week high of $147.74. So far today approximately 196,000 shares have been exchanged, as compared to an average 30-day volume of 1.8 million shares.

American Tower Corp. is a real estate investment trust that owns, operates, and develops wireless communications and broadcast towers in the United States. The Company leases antennae sites on multi-tenant towers for a diverse range of wireless communications industries, including personal communications services, paging, and cellular.

American Tower C (NYSE:AMT) defies analysts with a current price ($147.55) 2.5% above its average consensus price target of $143.90. The stock should discover initial support at its 50-day moving average (MA) of $101.23 and subsequent support at its 200-day MA of $96.25.

In the past 52 weeks, shares of American Tower C have traded between a low of $99.72 and a high of $147.74 and are now at $147.55, which is 48% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has risen 0.2%.

SmarTrend recommended that subscribers consider buying shares of American Tower C on June 27th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $135.02. Since that recommendation, shares of American Tower C have risen 9.3%. We continue to monitor AMT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows american tower c

Ticker(s): AMT