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American Tower REIT Earns Relative Strength Rating Upgrade

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In a welcome move, American Tower REIT ( AMT ) saw its Relative Strength Rating rise from 70 to 77 on Tuesday.

[ibd-display-video id=2385970 width=50 float=left autostart=true] This unique rating measures market leadership 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.

Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 in the early stages of their moves. See if American Tower REIT can continue to show renewed price strength and hit that benchmark.

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American Tower REIT is working on a cup without handle with a 148.81 entry . See if it can break out in heavy trading.

The company posted 16% earnings growth in the latest quarterly report, while sales growth came in at 11%.

The company earns the No. 5 rank among its peers in the Finance-Property REITs industry group. CoreSite Realty ( COR ) is the No. 1-ranked stock within the group.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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