Golden Crosses in Wireless Tower Stocks: Chart of the Day


Wireless-tower stocks have been in long-term uptrends as mobile devices and usage proliferate. American Tower is the largest of the three, followed by Crown Castle International and SBA Communications .

AMT has moved sideways for the last year. It hit an all-time high shortly before the coronavirus crash, quickly rebounded and then drifted sideways. Prices declined once bond yields started rising in September. (Not a surprise because AMT is a REIT.)

The stock had a sharp rebound in March and April, followed by consolidation this month. The most important chart pattern is the …

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American Tower (AMT), daily chart with Golden Cross pattern, courtesy of TradingView.
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