American Tower (AMT) Offering Possible 11.73% Return Over the Next 28 Calendar Days

American Tower's most recent trend suggests a bullish bias. One trading opportunity on American Tower is a Bull Put Spread using a strike $230.00 short put and a strike $210.00 long put offers a potential 11.73% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $230.00 by expiration. The full premium credit of $2.10 would be kept by the premium seller. The risk of $17.90 would be incurred if the stock dropped below the $210.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for American Tower is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for American Tower is bullish.

The RSI indicator is at 65.8 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for American Tower

American Tower Corp Is A Stock To Watch Ahead Of Earnings
Wed, 15 Apr 2020 19:00:00 +0000
American Tower Corp (AMT) is expected to report earnings on Apr. 29. The stock is now trading 5% below the 258.72 buy point from a first-stage consolidation that it cleared earlier. Read what IBD's REINHARDT KRAUSE wrote about American Tower on April 14. Understand that jumping into a stock right as it gets ready to report means you likely won't…

Recurring Revenue Makes American Tower Stock Stand Out Amid Covid-19
Tue, 14 Apr 2020 20:09:14 +0000
The economic slowdown caused by the coronavirus emergency has some investors looking for companies with a high percentage of recurring revenue, such as cell-tower operator American Tower.

This Top Fund Seeks Stocks That Defy The Coronavirus Market Crash
Mon, 13 Apr 2020 12:00:31 +0000
Amid the coronavirus stock market crash, this mutual fund seeks stocks that defy the sell-off and others that will skyrocket in the inevitable rally.

American Tower Corporation Calls for Redemption All of Its Outstanding 2.800% Senior Notes
Thu, 09 Apr 2020 20:30:00 +0000
American Tower Corporation (NYSE:AMT) today announced its election to call for redemption all of its outstanding 2.800% senior unsecured notes due 2020. The redemption date has been set for May 11, 2020. In accordance with the redemption provisions of the notes and the Indenture, dated as of May 23, 2013, as supplemented by the Supplemental Indenture No. 3, dated as of May 7, 2015, the notes will be redeemed at a price equal to the principal amount of the notes, together with accrued interest, if any, up to, but excluding, the redemption date. The Company intends to fund the redemption with borrowings under its $2.25 billion senior unsecured revolving credit facility, as amended and restated in December 2019, and cash on hand.

American Tower (AMT) Gains As Market Dips: What You Should Know
Fri, 03 Apr 2020 21:45:09 +0000
American Tower (AMT) closed the most recent trading day at $222.98, moving +1.01% from the previous trading session.

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