American Tower REIT saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 68 to 73.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matched up against all other stocks.
Decades of market research shows that the market's biggest winners tend to have an RS Rating of over 80 as they begin their largest price moves. See if American Tower REIT can continue to rebound and clear that threshold.
American Tower REIT is building a cup with handle with a 233.80 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
American Tower REIT showed -1% earnings growth in its most recent report, while sales growth came in at 2%. Keep an eye out for the company's next round of numbers on or around Jul. 24.
American Tower REIT earns the No. 36 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Postal Realty Trust Cl A and Welltower are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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