NYSE:AMT   American Tower Corporation (REIT)
A price action above 202.00 supports a bullish trend direction.
Increase long exposure for a break above 215.00.
The upside target is set at 240.00.
Stop-loss at 195.00. Negtat the trade foir a break below this level.
The MACD gave a bullish crossover recently, supporting a change in trend direction.
Furthermore, the price action is at the lower range of the linear regression channel pattern, which is sloping upwards (bullish trend).
This increases the likelihood of a mean reversion trade.
Trade expected to unfold over the next couple of weeks.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.