Our pivot point stands at 221.5.
Our preference
The upside prevails as long as 221.5 is support.
Alternative scenario
The downside breakout of 221.5 would call for 212.1 and 206.6.
Comment
The RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 211.624 and 200.808). Finally, American Tower is trading above its upper Bollinger band (standing at 230.96).
Supports and resistances
264.6 **
258.9 *
253.2 **
247.3
234.64 (USD-last)
225.1
221.5 **
212.1 *
206.6 **
Number of asterisks represents the strength of support and resistance levels.