AMT - American Tower Is Oversold (Technical Analysis)
2024-04-26 07:37:19 ET
Summary
- American Tower is oversold, thus creating an asymmetric return/risk profile.
- From a technical perspective, AMT has been trading in oversold territory recently and now shows signs of selling exhaustion.
- Fundamentally, the stock is trading at a large valuation discount despite strong profit catalysts.
AMT stock is oversold
The thesis of this article is very straightforward. I will argue that American Tower ( AMT ) stock is oversold under current conditions, both from a technical perspective and a fundamental perspective. The overselling has consequently created a very asymmetric return/risk profile....
American Tower Is Oversold (Technical Analysis)