AMT has moved sideways for the last year. It hit an all-time high shortly before the coronavirus crash, quickly rebounded and then drifted sideways. Prices declined once bond yields started rising in September. (Not a surprise because AMT is a REIT.)
The stock had a sharp rebound in March and April, followed by consolidation this month. The most important chart pattern is the 50-day ( ) rising above the 200-day . That’s a “Golden Cross,” a signal that longer-term momentum has turned .
Also notice the $244 area. It was support last June and August, resistance in October and November and now is offering support again.
It’s also noteworthy that CCI already had its golden cross in April and has now broken out to new highs. For SBAC , the signal is on the verge of taking place.
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Crown Castle daily chart:
SBA Communications daily chart: