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Bullish Moving Average Cross by American Tower (AMT)

By David Diaz

Today, shares of American Tower (NYSE:AMT) have crossed bullishly above their 10-day moving average of $107.99 on a volume of 272K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of American Tower have traded between a low of $83.07 and a high of $109.80 and are now at $108.65, which is 31% 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 on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $88.92. Since that recommendation, shares of American Tower have risen 20.8%. 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