American Tower may fall to 166.90 - 171.40

Our pivot point stands at 193.7.

Our preference

As long as 193.7 is resistance look for 171.4.

Alternative scenario

The upside breakout of 193.7 would call for 201.4 and 205.9.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI would call for further upside. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 185.508 and 185.0308).

Supports and resistances

205.9 **

201.4 *

193.7 **

190.7

185.03 (USD-last)

175.8

171.4 **

166.9 *

162.5 **

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