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After Yesterday's Rally of 1.06% Shares Could Potentially Pullback

By David Diaz

American Tower C (NYSE:AMT) traded in a range yesterday that spanned from a low of $134.88 to a high of $135.95. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $134.49 on volume of 441,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

American Tower C share prices have moved between a 52-week high of $137.12 and a 52-week low of $99.72 and are now trading 36% above that low price at $135.51 per share. 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 is tracking the current trend status for American Tower C and will alert subscribers who have AMT in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders american tower c

Ticker(s): AMT