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American Tower C: The Winning Streak Continues (AMT)

By James Quinn

American Tower C (NYSE:AMT) traded today at a new 52-week high of $227.67. This new high was reached on below average trading volume as 100,000 shares traded hands, while the average 30-day volume is approximately 1.7 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.

In the past 52 weeks, American Tower C share prices have been bracketed by a low of $140.40 and a high of $227.67 and are now at $227.67, 62% above that low price. The 200-day and 50-day moving averages have moved 0.56% higher and 0.44% higher over the past week, respectively.

American Tower C (NYSE:AMT) is currently priced 31.2% above its average consensus analyst price target of $156.71. American Tower C shares have support at the 50-day moving average (MA) of $212.60 and additional support at the 200-day MA of $187.69.

SmarTrend recommended that subscribers consider buying shares of American Tower C on July 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $209.35. Since that recommendation, shares of American Tower C have risen 8.6%. 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