American Tower Corporation.

Company Overview.

American Tower Corporation (NYSE: AMT) was founded in 1995 and is one of the largest real estate investment trusts (REITs) in the world. It is a leading independent owner, operator and developer of wireless and broadcast communications properties. Its global portfolio includes approximately 219,000 communications sites, including more than 43,000 properties in the United States and Canada and more than 175,000 properties internationally. In addition to leasing space on wireless and broadcast communications towers, we offer customized solutions through our in-building systems, outdoor distributed antenna systems and other right-of-way options, managed rooftops and services that accelerate network deployment.

Is AMT really a good pick?

AMT has increased its sales during the last 5 year, Is a business that with a margin of benefits of 30% over his and also has great perspective to the next year with the application of 5G Technology, this company has the infraustruc in several countries to contribute to the telecommunications companies to implement 5G networks thanks to the antennas of the company over the global.

Technical Analysis.

AMT during 2021 is in an uptrend and on September 30 took its ATH at $303, to then fall up to 15% next month. Currently we are located at $268, applying our RSI and MACD indicators we find an opportunity, where the MACD starts to cross upwards its entry signal and the RSI in the last 5 days is coming out of the oversold zone which indicates that there are buyers willing to acquire positions. The price could rise to the Fibonacci resistance of 0.618 and take a revaluation of 8% in the coming days.