American Tower may fall to 209.10 - 213.40

Our pivot point is at 237.1.

Our preference

The downside prevails as long as 237.1 is resistance.

Alternative scenario

The upside breakout of 237.1 would call for 244.7 and 249.1.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 228.5765 and 228.566).

Supports and resistances

249.1 **

244.7 *

237.1 **

234.1

227.52 (USD-last)

218

213.4 **

209.1 *

204.6 **

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