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Shares of American Tower C Has Risen Above Previous 52-Week High

By Nick Russo

American Tower C (NYSE:AMT) traded at a new 52-week high today of $201.83. Approximately 87,000 shares have changed hands today, as compared to an average 30-day volume of 1.5 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) is currently priced 22.2% above its average consensus analyst price target of $156.71. The stock should find initial support at its 50-day moving average (MA) of $192.61 and further support at its 200-day MA of $166.42.

In the past 52 weeks, American Tower C share prices have been bracketed by a low of $134.87 and a high of $201.83 and are now at $201.39, 49% above that low price. The 200-day and 50-day moving averages have moved 0.49% higher and 0.59% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of American Tower C on January 23rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $165.07. Since that recommendation, shares of American Tower C have risen 21.4%. 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