American Tower may rise to 226.70 - 231.30

Our pivot point is at 202.2.

Our preference

The upside prevails as long as 202.2 is support.

Alternative scenario

The downside breakout of 202.2 would call for 194.3 and 189.7.

Comment

The RSI is above 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 200.857 and 195.7416).

Supports and resistances

236 **

231.3 *

226.7 **

222

209.37 (USD-last)

205.1

202.2 **

194.3 *

189.7 **

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