American Tower Corp (AMT): Price Down $-3.95 (-1.59)% Over Past Day, Down $-0.39 (-0.16)% Over Past Hour

The Hourly View for AMT

At the time of this writing, AMT (Get Ratings)’s price is down $-0.39 (-0.16%) from the hour prior. AMT has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Trading stocks, AMT ranks 253rd in regards to today’s price percentage change.

AMT’s Technical Outlook on the Daily Chart

At the moment, AMT’s price is down $-3.95 (-1.59%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as AMT has now gone down 4 of the past 5 days. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 day moving average, resulting in them with price now being below it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows AMT’s price action over the past 90 days.

AMT

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