American Tower may rise to 216.10 - 221.10

Our pivot point stands at 190.7.

Our preference

The upside prevails as long as 190.7 is support.

Alternative scenario

The downside breakout of 190.7 would call for 182.8 and 177.9.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 189.5455 and 184.9372).

Supports and resistances

226 **

221.1 *

216.1 **

211.3

200.41 (USD-last)

193.8

190.7 **

182.8 *

177.9 **

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