American Tower may rise to 211.20 - 216.70

Our pivot point stands at 183.

Our preference

The upside prevails as long as 183 is support.

Alternative scenario

The downside breakout of 183 would call for 173.7 and 168.4.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 182.7095 and 186.114).

Supports and resistances

222.3 **

216.7 *

211.2 **

205.6

194.13 (USD-last)

186.7

183 **

173.7 *

168.4 **

Number of asterisks represents the strength of support and resistance levels.