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Recent 52-Week Low Surpassed in Shares of American Tower C (AMT)

By Amy Schwartz

Shares of American Tower C (NYSE:AMT) traded today at $184.06, breaking its 52-week low. This new low was reached on below average trading volume as 247,000 shares traded hands, while the average 30-day volume is approximately 2.7 million shares.

Based on a current price of $184.57, American Tower C is currently 15.1% above its average consensus analyst price target of $156.71. The stock should run into initial resistance at its 200-day moving average (MA) of $222.33 and subsequent resistance at its 50-day MA of $236.66.

American Tower Corporation 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 Chas traded in a range of $184.06 to $258.62 and are now at $184.57. The 200-day and 50-day moving averages have moved 0.02% higher and 0.68% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in American Tower C. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of American Tower C in search of a potential trend change.

Keywords: 52 week high/lows american tower c

Ticker(s): AMT