American Tower may rise to 211.60 - 216.10

Our pivot point stands at 188.9.

Our preference

As long as 188.9 is support look for 211.6.

Alternative scenario

The downside breakout of 188.9 would call for 181.3 and 176.8.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 193.304 and 185.2398).

Supports and resistances

220.9 **

216.1 *

211.6 **

207

197.03 (USD-last)

192

188.9 **

181.3 *

176.8 **

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