The “Chart of the Day” is American Tower Corp (AMT), which showed up on Tuesday’s Barchart “NYSE 10-year High” list. AMT on Tuesday posted a new 10-year high but then faded to close slightly lower by 0.34%. The stock would be flashing a bullish signal if it can reverse Tuesday’s losses and run to a new high. In recent news on the stock, AMT on Nov 5 reported Q3 EPS of 23 cents, above the consensus of 20 cents. Wells Fargo on Nov 8 reiterated its Outperform on the stock. American Tower, with a market cap of $21 billion, is a wireless communications and broadcast infrastructure company.
How we found the Chart of the Day:
We found the “Chart of the Day” by scanning the Barchart “NYSE Monthly 10-year High” list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the “New High/Lows” menu item on the left menu bar, then on the “Monthly” menu item on the top of the table, and then on the entry for NYSE 10-year highs. A stock that has posted a new 10-year high is showing strong upside momentum.
Barchart’s Opinion trading systems are mostly a Buy and Barchart’s daily TrendSpotter trading system is a “Buy.” Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
- TrendSpotter: Buy
- Short-Term Indicators: 40% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 80% Buy
Chart of the Day provided by www.Barchart.com.
