Chart of the Day: American Tower (AMT)

Shares of American Tower (AMT) have been climbing nicely and are just about 3% from an all-time high.

In March the stock hit 52-week lows and as it has rallied over the past 4 months a rising wedge pattern has emerged…

American Tower (AMT) owns and operates approximately 180,000 cell towers throughout North America, Asia, Europe, and the Middle East. The company is poised to benefit from growth in mobile data usage as wireless carriers continue the move towards 5G. This increases demand for AMT’s towers.

Take a look at the 1-year chart of AMT below with added notations…

See chart and continue reading at STOCKNEWS.com