LONG and STRONGGreat Dividend, Great REIT that moves like a growth stock.
Continuously adding to this, bi-weekly positions.
1AMT trade ideas
$AMT upward channel $AMT has respected this channel for some time now, and with the up and coming 5G network release AMT should have considerable growth in the coming months. My play here is to get calls for the strike of the upper band (240-245) range
$AMT coming down from upper resistance on the upward channel I dont see $AMT coming down to far, despite its recent run up. I am looking for it to come down under 205 (closing my puts there) looking to buy calls after it bounces around 203-204$
Easy Potential 8% Return on AMTAMT has been on a consistent upward trend on the 4 hour EMA. Good opportunity to buy at a discount as it reached $240 for a potential 8% return.
Bollinger band bounce patternAfter AMT reaches the lower Bollinger band, there is usually an average price increase of 16% over the course of 40-60 days. Currently, we are about halfway through this growth period at a 10% increase from the last point where AMT last dipped. Either wait for the next dip to buy or buy now and sell at 6% profit. Long term however, AMT is a good buy regardless of short term price action.
American Tower Corp highlights the appeal of Reits. Reits provide safety and security in a volatile market and in particular a reit involved in the next generation of communications, despite the considerable gains in 2019 we expect AMT to move higher.
Trade setup as per chart dependant on volume and market sentiment.
AVERAGE ANALYSTS PRICE TARGET $200
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
COMPANY PROFILE
American Tower Corp. is a real estate investment trust, which owns, operates, and develops multitenant communications real estate. It operates through the following segments: U.S. Property, Asia Property, Europe, Middle East and Africa Property, Latin America Property and Services. The U.S. Property segment operates in the United States. The Asia Property segment refers to the operations in India. The EMEA Property segment includes transactions in Germany, Ghana, Nigeria, South Africa and Uganda. The Latin America Property segment refers to the operations in Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico and Peru. The Services segment offers tower-related services in the United States, including site acquisition, zoning & permitting services and structural analysis services. The company was founded in 1995 and is headquartered in Boston, MA.
AMT - Bull Put Credit SpreadStrong PA sell off to lower BB%
RSI Oversold.
Looking for reversal to mean back higher.
Aiming for 200/195 Bull Put Credit & 205 Call option for Directional bias higher.
Exp July 19.
Good Luck - Watch YOUR RISK.
Shorting again! Lets hope it workout this time!last time short didnt workout! Going to try my luck again!
AMT: With the SPX poised for a wave 2 pullback, AMT looks primedFor a short. Wave 5 Ending Diagonal looks complete. RSI is overbought.
Buy Alert for AMT My WT Cross Strategy has alerted me to a buy signal for AMERICAN TOWER. ( AMT ), at a price of $147.68 using a 180-min time frame. My idea is to buy the dip, at price below $147.68. I will update when I get the signal to close the trade.
I am using the following parameters for this trade:
Channel Length - 1100
Average Length - 1
Average Length2 - 17
***
I have a Pro+ subscription for Tradingview so this gives me access to more data than someone with a free or even a lower tier sub. More data should enable me to construct a more robust model, so your mileage may vary if you are trying to use this strategy for a free account. Please use caution, and be advised. Good Luck All!
Long AMT for Wave 5 breakoutThis daily chart of AMT presents a good opportunity to get long ahead of a breakout higher. The stock looks to be in Wave 4 of an impulsive move that began back in 2016. Wave 3 extended to the 161.8% Fibonacci extension of Wave 1 and clearly divides into five smaller waves. We're now looking for the ongoing triangle in Wave 4 (blue) to complete somewhere in the range of the prior Wave 4 (red). Also note that price is holding long-term trendline support.
Initiating a long position at 142 ahead of earnings on July 31. Immediate target is the Wave 3 high around 155 with an extension through 160. A move below 130 will cause me to reevaluate the trade.
Long AMT ahead of breakoutThis daily chart of AMT shows a clean impulsive move higher with the stock currently trading sideways in a wave 4 triangle. Good alternation between waves 2 and 4 supports the bullish outlook. It's also worth noting that wave 3 was a perfect 161.8% Fibonacci extension of wave 1, which is a common ratio for an extended third wave. Initiating a long position at 141 with a profit target at 160. A move below 125 invalidates the setup.
