American Tower may rise to 239.00 - 245.10

Our pivot point is at 209.

Our preference

As long as 209 is support look for 239.

Alternative scenario

The downside breakout of 209 would call for 198.8 and 192.7.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is below its 20 day moving average (220.434) but above its 50 day moving average (207.198).

Supports and resistances

251.3 **

245.1 *

239 **

232.8

219.85 (USD-last)

212.9

209 **

198.8 *

192.7 **

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