American Tower may rise to 225.40 - 230.00

Our pivot point stands at 200.9.

Our preference

The upside prevails as long as 200.9 is support.

Alternative scenario

Below 200.9, expect 193.2 and 188.7.

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 positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 197.397 and 193.3368). Finally, American Tower has crossed above its upper daily Bollinger band (209.87).

Supports and resistances

234.9 **

230 *

225.4 **

220.7

210.15 (USD-last)

204

200.9 **

193.2 *

188.7 **

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