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KevinJamesHughes

$AMT at multi-YEAR support: Buyers are stepping in!

Long
American Tower Corporation (REIT) (NYSE:AMT)  
KevinJamesHughes  
NYSE:AMT   American Tower Corporation (REIT)
Trend Analysis Chart Patterns Technical Indicators Contains image
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AMT is sitting at a level of significant support indicated by the white box. The $170 to $180 zone has been a zone of significant support in Feb 2019, March 2020, Oct 2022, and Oct 2023 (see circles). All touches of this area in the past have resulted in major bounces and marked major lows. Indeed, over $1.5M worth of 05/17/24 calls were purchased ABOVE ASK over the past two days.
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