lowtrade

[lowtrade]

Gone-a be way ahead of myself with this one. But checking for next Q's position trade. American Tower (AMT); a long standing watch and swing trade for me, is at an interesting long position in it's chart. Have like it since the 2009 market correction start and more since 2012, when it went REIT for tax reasons. Great management IMO. It's not a divvy play, less then 2%. Think it's kind-of like Sear's where they have more value in the property, then businesses owned.

I have a long position rule which says; when it reaches $80 it will hit $120. It hit $80 and is now forming a double top. Double top BAD, reaching $80 good.

The timing if the bad pattern fail will make it very interesting for a Q2 position play. It has a 5 year history of 225% growth, 3 years 60% and 1 year 15%. So it's a runner.

If that double top fails, which it looks like it will. A long term climb can be expected. Q2 will be interesting.

Ps; Very strong/good fundamentals also. 97% institutional, 18% profit margin and only 2% short, talking heads all have it in the 90ties.

Just a keep it on your radar post. AMT long, it's all about what happens in the next few weeks.

http://www.finviz.com/quote.ashx?t=AMT&ty=c&ta=0&p=m