American Tower may rise to 243.70 - 249.50

Our pivot point stands at 214.6.

Our preference

As long as 214.6 is support look for 243.7.

Alternative scenario

The downside breakout of 214.6 would call for 204.3 and 198.5.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 217.6145 and 204.654).

Supports and resistances

255.6 **

249.5 *

243.7 **

237.6

222.59 (USD-last)

218.3

214.6 **

204.3 *

198.5 **

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