American Tower's most recent trend suggests a bearish bias. One trading opportunity on American Tower is a Bear Call Spread using a strike $232.50 short call and a strike $237.50 long call offers a potential 21.95% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $232.50 by expiration. The full premium credit of $0.90 would be kept by the premium seller. The risk of $4.10 would be incurred if the stock rose above the $237.50 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for American Tower is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for American Tower is bearish.
The RSI indicator is at 32.95 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 Corporation Declares Quarterly Distribution
Thu, 03 Dec 2020 21:30:00 +0000
American Tower Corporation (NYSE: AMT) today announced that its board of directors has declared its quarterly cash distribution of $1.21 per share on shares of the Company’s common stock. The distribution is payable on February 2, 2021 to such stockholders of record at the close of business on December 28, 2020.
American Tower Corporation to Present at the UBS Global TMT Virtual Conference
Tue, 01 Dec 2020 21:30:00 +0000
American Tower Corporation (NYSE: AMT) today announced that Rod Smith, its Executive Vice President, Chief Financial Officer and Treasurer, is scheduled to present at the UBS Global TMT Virtual Conference, on Monday, December 7, 2020 at 12:05 p.m. ET. A live audio webcast link will be available on the Company's website.
Is American Tower Corp (AMT) a Smart Long-term Buy?
Tue, 01 Dec 2020 15:49:45 +0000
Qualivian Investment Partners recently released its Q3 2020 Investor Letter. In Q3 2020, the fund was up 9.3% and 9.1% on a gross and net basis versus the S&P’s 8.93% increase, outperforming by 0.3% and 0.2%. In October, we published an article revealing our exclusive interview with Qualivian Investment Partners’ co-founder Aamer Khan. You should check […]
3 Top Stocks You Can Buy and Hold for the Next Decade
Mon, 30 Nov 2020 11:00:00 +0000
A combination of positive trends and long-term catalysts make these three businesses attractive investment candidates for the next 10 years.
REITs Have Been Hit Hard by Covid-19. Why the Impact Could Last for Years.
Sat, 28 Nov 2020 13:30:00 +0000
Covid-19 has caused the most long-term damage to value of REITs focused on malls, office space, and strip shopping centers.
Related Posts
Also on Market Tamer…
Follow Us on Facebook