American Tower's most recent trend suggests a bullish bias. One trading opportunity on American Tower is a Bull Put Spread using a strike $97.50 short put and a strike $92.50 long put offers a potential 13.64% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $97.50 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $4.40 would be incurred if the stock dropped below the $92.50 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 73.31 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for American Tower
Bharti Airtel and American Tower Corporation Announce Agreement for the Sale of Tower Portfolio in Tanzania
Mon, 21 Mar 2016 11:47:29 GMT
noodls – NEW DELHI & JOHANNESBURG–(BUSINESS WIRE)–Mar. 21, 2016– Bharti Airtel Limited (Airtel) today announced that it has entered into a definitive agreement with American Tower Corporation (American Tower) …
AMERICAN TOWER CORP /MA/ Files SEC form 8-K, Regulation FD Disclosure
Mon, 21 Mar 2016 11:34:31 GMT
7:34 am American Tower to acquire 1,350 communications towers in Tanzania & up to ~100 additional sites currently in development for ~$179 mln
Mon, 21 Mar 2016 11:34:00 GMT
Bharti Airtel and American Tower Corporation Announce Agreement for the Sale of Tower Portfolio in Tanzania
Mon, 21 Mar 2016 11:33:00 GMT
Business Wire – NEW DELHI & JOHANNESBURG–(BUSINESSWIRE)– Bharti Airtel Limited (Airtel) today announced that it has entered into a definitive agreement with American Tower Corporation (American Tower) (NYSE:AMT – News), through its subsidiary company, Airtel Tanzania Limited, for the sale of approximately 1,350 of its communications towers in Tanzania. Under the agreement, American Tower may acquire up to approximately 100 additional sites currently in development for an additional consideration. Airtel will be the anchor tenant on the portfolio under a lease with a ten-year initial term.
Bharti Airtel and American Tower Corporation Announce Agreement for the Sale of Tower Portfolio in Tanzania
Mon, 21 Mar 2016 11:33:00 GMT
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