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Stocks To Watch: American Tower REIT Sees RS Rating Rise To 82

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The Relative Strength ( RS ) Rating for American Tower REIT ( AMT ) entered a new percentile Tuesday, with an increase from 75 to 82.

[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's proprietary RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.

Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating in the early stages of their moves.

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American Tower REIT broke out earlier, but has fallen back below the prior 148.81 entry from a cup without handle . If a stock you're tracking clears a buy point then retreats 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and buy point. Also understand that the most recent pattern is a later-stage base, and those involve more risk.

American Tower REIT reported 16% EPS growth in the latest quarterly report, while sales growth came in at 11%.

The company holds the No. 7 rank among its peers in the Finance-Property REITs industry group. Terreno Realty ( TRNO ), CoreSite Realty ( COR ) and Xenia Hotels & Resorts ( XHR ) are among the top 5 highly rated stocks 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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