American Tower's most recent trend suggests a bullish bias. One trading opportunity on American Tower is a Bull Put Spread using a strike $115.00 short put and a strike $110.00 long put offers a potential 16.28% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $115.00 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $4.30 would be incurred if the stock dropped below the $110.00 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 79.44 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. :AMT-US: Earnings Analysis: Q3, 2016 By the Numbers : October 28, 2016
Fri, 28 Oct 2016 13:29:49 GMT
Here's Why You Should Be a Fan of American Tower
Fri, 28 Oct 2016 13:23:00 GMT
American Tower CEO: Race to speed up connectivity
Fri, 28 Oct 2016 11:46:00 GMT
American Tower Dials in Another Quarter of Double-Digit Growth
Thu, 27 Oct 2016 17:01:00 GMT
Edited Transcript of AMT earnings conference call or presentation 27-Oct-16 12:30pm GMT
Thu, 27 Oct 2016 15:50:20 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook