American Tower may rise to 245.00 - 250.90

Our pivot point stands at 213.3.

Our preference

As long as 213.3 is support look for 245.

Alternative scenario

Below 213.3, expect 203.8 and 198.1.

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 223.1695 and 209.8194).

Supports and resistances

256.6 **

250.9 *

245 **

239.3

227 (USD-last)

216.8

213.3 **

203.8 *

198.1 **

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