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American Tower C Rises 1.31% on Heavy Volume: Watch For Potential Pullback

By Shiri Gupta

American Tower C (NYSE:AMT) traded in a range yesterday that spanned from a low of $147.75 to a high of $149.37. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $148.36 on volume of 692,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of American Tower C on June 21st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $141.08. Since that recommendation, shares of American Tower C have risen 4.4%. We continue to monitor AMT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of American Tower C have traded between a low of $130.37 and a high of $155.28 and are now at $149.21, which is 14% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Keywords: rebounders american tower c

Ticker(s): AMT