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American Tower C Crosses Above its 10-day MA (AMT)

By Amy Schwartz

Today, shares of American Tower C (NYSE:AMT) have advanced above their 10-day MA of $193.20 on a volume of 126K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, American Tower C has traded in a range of $133.85 to $198.19 and is now at $193.98, 45% above that low. The 200-day and 50-day moving averages have moved 0.62% higher and 0.70% 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 16.8%. We continue to monitor AMT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses american tower c

Ticker(s): AMT