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Shares of American Tower C Rise Above Previous 52-Week High

By Shiri Gupta

Shares of American Tower C (NYSE:AMT) traded at a new 52-week high today of $230.60. This new high was reached on below average trading volume as 132,000 shares traded hands, while the average 30-day volume is approximately 1.6 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.

Over the past year, American Tower C has traded in a range of $140.40 to $230.60 and is now at $228.34, 63% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.8%.

American Tower C (NYSE:AMT) defies analysts with a current price ($228.34) 31.4% above its average consensus price target of $156.71. The stock should discover initial support at its 50-day moving average (MA) of $212.94 and subsequent support at its 200-day MA of $188.07.

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 9.1%. 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