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AMERICAN TOWER REIT

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1AMT trade ideas

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. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:AMT
by TradeStation
1
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
NYSE:AMTShort
by Rykin_Capital
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. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Crown Castle daily chart: SBA Communications daily chart:
NYSE:AMT
by TradeStation
1