This stock beats the hell out of the S&P index three times (roughly 20% since Jan 2019) had you bought it early this year.
In September, it peaked out at 241 and is now retracing nicely to the price zone of 203 before taking up further. That would be a nice buying zone.
If the price breaks down from 203, buying signal is cancelled.
Entry level $214 = Target price $226 = Stop loss $209
Short term trade will become more bullish on a break of the downtrend line.
Indicators are all turned bullish and the 200ma touch and reversal a buy signal.
Compnay has exposure worldwide and exciting opportunities from the upcoming 5G roll-out.
American Tower Corp. is a real estate...
$AMT has respected this channel for some time now, and with the up and coming 5G network release AMT should have considerable growth in the coming months. My play here is to get calls for the strike of the upper band (240-245) range
After AMT reaches the lower Bollinger band, there is usually an average price increase of 16% over the course of 40-60 days. Currently, we are about halfway through this growth period at a 10% increase from the last point where AMT last dipped. Either wait for the next dip to buy or buy now and sell at 6% profit. Long term however, AMT is a good buy regardless of...
Reits provide safety and security in a volatile market and in particular a reit involved in the next generation of communications, despite the considerable gains in 2019 we expect AMT to move higher.
Trade setup as per chart dependant on volume and market sentiment.
AVERAGE ANALYSTS PRICE TARGET $200
AVERAGE ANALYSTS RECOMMENDATION ...
Strong PA sell off to lower BB%
Looking for reversal to mean back higher.
Aiming for 200/195 Bull Put Credit & 205 Call option for Directional bias higher.
Exp July 19.
Good Luck - Watch YOUR RISK.