American Tower Corp (AMT): Price Now Near $268.51; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for AMT

Currently, AMT (Get Ratings)’s price is up $0.07 (0.03%) from the hour prior. This is the 2nd hour in a row AMT has seen its price head up. 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 bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Out of Trading stocks, AMT ranks 35th in regards to today’s price percentage change.

AMT’s Technical Outlook on the Daily Chart

At the moment, AMT’s price is up $0.11 (0.04%) from the day prior. AMT has seen its price go up 8 out of the past 10 days, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. American Tower Corp’s price action over the past 90 days can be seen via the chart below.

AMT

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