NEW STOCK CHART BREAKDOWN - American Tower (AMT)

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DISCLAIMER: This chart is based on this date. I'm not suggesting a move up or down. I'm showing a chart I'm watching. I'm not recommending this stock as a purchase. Think of it like this, your showing the world thru my eyes and how I see this chart. Period!
SPOTLIGHT STOCK CHART
American Tower	AMT		LAST TRADE >	$253.80
See Current Stock Price-AMT			POSTED ON	6/29/2020
See the World thru my eyes' - Chart Breakdown of the Week
American Tower hits my radar and wanted to do a Spotlight Chart on it to keep it in focus ... its trading in that 'low entry' purchase range and the Keltner Channel picture tells me a story that every time this stock trades below the MID line Wall Street likes to buy it back ... we can see that this has happened twice in the year with the most recent time in May being a real good indicator for me that it might be a tradable line ... I'm thinking more Cash Secured Put vs Covered Call IF I were to put skin in the game ... using that support of the lower KC MID and the 100MDA ... the 200MDA really looks bankable. American Tower doesn't have good options but it does have a nice dividend ... and a possible CCW+Div Capture could be something I'd look at ... here's a summary of what it does - American Tower (AMT) , one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 180,000 communications sites. -- Checking the Yahoo summary page and the companies financials ... what jumps off the plate for me is ... they are KILLING IT minus the 1Q this year which Im sure was Covid related ... and looking at the Earnings growth ... even with that miss they are growing the numbers that make any stock investment worth a look ... it'll be interesting looking back 1 month from now seeing where its at ... below is a VERY GOOD article from IBD that is worth the read if you're interested in putting any money in AMT
IBD Link https://www.investors.com/research/stocks-to-watch-reit-leader-american-tower-stock-buy-point-breakout/
RSI	SMA (100)	SMA (200)	KELT MID	OBV TREND
49.2	240.28	229.81	256.66	SIDEWAYS
CLICK IMAGE TO SEE IT LARGER IN ITS OWN BROWSER WINDOW

                          

                                  

                                     

What's the RSI telling me?
RSI - The RSI is between 40/50 which represents for me a stock that is 'for the most part' fairly valued with some good upside value if the markets are bullish
CPT - Still bullish with a 49 RSI ... but looking at the chart it suggests to me this might be a time to enter a trade
Support Lines
SMA - When looking for a 'Low Entry' purchase we would love to BUY near the 100 day or 200 day support line. Its not 100% but its a 'Buy Low' situation vs 'Buying High'
CPT - Not a fan of the support lines right now ... the 200MDA is my favorite and its +40x from that
Resistance Line (What Wall Street considers its Top of the Chart near term movement)
CPT - because were not trading higher this is not testing resistance lines ... so this indicator is not a factor in my decision whether I make a purchase in AMD right now. I would click the link to see where it is trading just for reference :)				See Support-AMT
Keltner Channel Breakdown
KC - The stock has just traded UNDER the KC MID line
CPT - Notice evertime its trades near the KC MID the stock pops higher ... its a trend to keep an eye on as it dances on that KC MID line.
On Balance Volume or buying momentum ... is it trending Up?
OBV - The 'On Balance Volume' trend line is UP which tells technical traders that the stock has good momentum or in straight talk, people are BUYING IT. This is a 'Green' checkmark for me.
CPT - That OBV line is nice , trending sideways with little pops that mimic its movement higher.
Further research with - Using charts for technical analysis, Dividend information and Earnings Report Date
RSI, SUPPORT LINES		KELTNER, OBV
View Chart-AMT		View Chart-AMT
Is this a good company for Writing Covered Calls? ONLY you can be the judge of that :)
Looking at a 30 day window using just (1) deviation out ...
Current Price	Strike Price	~Prem	30 day return	Expiration
$253.80	$255.00	$3.00	1.65%	7/17/2020
Check this stocks options here >		https://finance.yahoo.com/quote/AMT/options?p=AMT
Definition of the various charting indicators I use
RSI - The Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30. Source - https://www.investopedia.com/terms/r/rsi.asp
SMA (100/200) - A simple moving average (SMA) is an arithmetic moving average calculated by adding recent closing prices and then dividing that by the number of time periods in the calculation average. ... Short-term averages respond quickly to changes in the price of the underlying, while long-term averages are slow to react. Source - https://www.investopedia.com/terms/s/sma.asp
KC - The Keltner Channel is a moving average band indicator whose upper and lower bands adapt to changes in volatility by using the average true range. The Keltner Channel is used to signal possible price breakouts, show trend, and give overbought and oversold readings. Source - https://www.investopedia.com/terms/k/keltnerchannel.asp
OBV - On-balance volume (OBV) is a technical trading momentum indicator that uses volume flow to predict changes in stock price. ... He believed that when volume increases sharply without a significant change in the stock's price, the price will eventually jump upward or fall downward. Source - https://www.investopedia.com/terms/o/onbalancevolume.asp
Disclaimer - No - at the time of this posting I do not have a position in this equity. I will not take a position in this equity for 3 days of this equity as to not front run for this equity.
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