$AMT with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $AMT after a Positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 73.43%.
AMT trade ideas
AMT | American Tower | REITAmerican Tower Corporation, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 219,000 communications sites. For more information about American Tower, please visit the Earnings Materials and Investor Presentations sections of our investor relations website at www.americantower.com.
Tight Squeeze in American TowerMost members of the S&P 500 closed lower on Friday. Today we’re looking at one of the gainers: American Tower.
A few interesting patterns appear on this daily chart of the wireless-tower operator.
First is the narrowing consolidation between the 50-day simple moving average (SMA) and 200-day SMA. Bollinger Band Width has tightened to its closest range since August. Does that create the potential for a breakout?
Second, prices showed signs of escaping the range by closing above a falling trendline on Friday.
Next, consider how AMT made a higher low in mid-June despite the broader market hitting a new 52-week low. That’s a potential sign of relative strength.
Fourth, the 50-day SMA is nearing a potential “golden cross” above the 200-day SMA.
Finally, the broader Real Estate sector could potentially benefit if Treasury yields continue to slide.
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Short on a different American. AMTGoals 220, 210.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
$AMT Double Bottom Pattern Setup$AMT setting up a potential double bottom setup with traditional pivot around $291.27
In the network/wireless space which is showing strength lately.
I am more interested in a potential early entry with a pivot developing after breaking down trendline (red dots on chart).
AMT: - real estate long only I have always enjoy instruments like fixed income or long only where it is enough just to find an entry point below and buy in addition if you entered early.
As you can see on the chart, the indicators indicate that the price is currently in the oversold corridor, so I bet on growth.
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Sincerely,
AJV
$AMT with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $AMT after a Positive over reaction following its earnings release placing the stock in drift B
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Golden Crosses in Wireless Tower StocksWireless-tower stocks have been in long-term uptrends as mobile devices and usage proliferate. American Tower is the largest of the three, followed by Crown Castle International and SBA Communications .
AMT has moved sideways for the last year. It hit an all-time high shortly before the coronavirus crash, quickly rebounded and then drifted sideways. Prices declined once bond yields started rising in September. (Not a surprise because AMT is a REIT.)
The stock had a sharp rebound in March and April, followed by consolidation this month. The most important chart pattern is the 50-day simple moving average (SMA) rising above the 200-day SMA. That’s a “Golden Cross,” a signal that longer-term momentum has turned bullish.
Also notice the $244 area. It was support last June and August, resistance in October and November and now is offering support again.
It’s also noteworthy that CCI already had its golden cross in April and has now broken out to new highs. For SBAC, the signal is on the verge of taking place.
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Crown Castle daily chart:
SBA Communications daily chart:
$AMT with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $AMT after a Positive under reaction following its earnings release placing the stock in drift A
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
$AMT with a Bearish outlook following its earnings #Stocks The PEAD projected a bearish outlook for $AMT after a Negative under reaction following its earnings release placing the stock in drift C
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
