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American Tower Corporation (AMT) – stock is trading around $215.60 dollars as of December, 16, 2019 and offering a possible buying price between $215.60 – $226.38. Let’s look at the stocks technical actions using a weekly chart.
2. The stock witnessed a stalling week back in early September when it closed at the lower end of the week.
3. The stock witnessed couple of breakdown weeks after that which ended the long term up trend.
4. The breakdown pushed the stock below the 50 day moving average (DMA) line, as well.
5. However, the stock never tested the 200 DMA support line.
6. The stock regained the 50 DMA this week, as well.
7. The stock is offering possible buying price between $215.60 – $226.38, with a stop loss at $198.35.
This stock is already part of the Stocks Above 100 Dollars pick and performance will be tracked here .
Also do not forget to checkout the Stock Charts Gallery of annotated growth stock charts.
Here is the old annotation from June.
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