American Tower (AMT) NewsBite - AMT Hits 52-Week High

Posted: Tuesday, November 17, 2009 2:42 PM EDT

American Tower (NYSE: AMT) hit a new 52-Week high of $41.09 so far today. Currently the stock is up $0.54 (1.33%) to $41.06 on 1,174,448 shares traded. Today's high is up $21.71 from a 52-Week Low of $19.35. American Tower stock has been showing support around $39.45 and resistance in the $41.07 range. Technical indicators for the stock are bullish and S&P gives AMT a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on AMT the stock seems like it could be a candidate for an April out-of-the-money bull-put credit spread below the 35 range. [ABR-Seven Summits Strategic Investments NewsBite]

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