• Return to Headlines

Bearish Moving Average Cross by American Tower (AMT)

By James Quinn

American Tower (NYSE:AMT) crossed under its 10-day moving average of $131.29 on a volume of 190K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

American Tower share prices have moved between a 52-week high of $137.12 and a 52-week low of $83.07 and are now trading 57% above that low price at $130.54 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.4%.

SmarTrend recommended that subscribers consider buying shares of American Tower on February 16th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $107.41. Since that recommendation, shares of American Tower have risen 22.6%. We continue to monitor AMT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses American Tower

Ticker(s): AMT