• Return to Headlines

Bullish Moving Average Cross by American Tower C (AMT)

By James Quinn

American Tower C (NYSE:AMT) crossed over its 10-day moving average of $219.26 on a volume of 271K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, American Tower C share prices have been bracketed by a low of $140.40 and a high of $224.71 and are now at $223.40, 59% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.3%.

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 4.5%. 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 c

Ticker(s): AMT