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SmarTrend Watching for Potential Pullback in Shares of American Tower C After 1.31% Gain

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.

American Tower C share prices have moved between a 52-week high of $155.28 and a 52-week low of $130.37 and are now trading 14% above that low price at $149.21 per share. The 200-day and 50-day moving averages have moved 0.01% higher and 0.12% higher over the past week, respectively.

Keywords: rebounders american tower c

Ticker(s): AMT