Nov. 12 at 12:41 AM
$AMT is currently trading at
$184.4, below key moving averages (MA30 at
$185.74 and MA50 at
$189.23), indicating a bearish short-term trend. The RSI at 38.78 suggests that the stock is nearing oversold conditions, which could lead to a potential reversal. However, the price is still within the recent range defined by the 60D high of
$214.79 and low of
$175.0, indicating volatility.
Directional bias leans bearish due to the price being below both MAs and the RSI indicating weakness. A suggested entry point could be around
$182, just above the 60D low, with a stop loss set at
$175 to limit potential losses.
For targets, consider
$188 (near MA30) for the first target and
$192 (near MA50) for the second target, allowing for a potential recovery if bullish momentum develops.
Overall, monitor for any bullish signals as the stock approaches the lower range.
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