This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Stocks Hitting 52-Week Highs Today

American Tower

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

American Tower (AMT - Get Report) is a wireless and broadcast communications infrastructure company that owns, operates and develops communications sites. Its primary business includes leasing antenna space on multi-tenant communications sites to wireless service providers and radio and television broadcast companies. This stock is trading up 4% to $57.35 in recent trading after hitting a 52-week high of $57.78 earlier in the day.

Today's Range: $53.02-$57.78

52-Week Range: $38.09-$57.78

Volume: 3.72 million

Three-Month Average Volume: 3.68 million

American Tower has a market cap of $22.77 billion and an enterprise value of $27.19 billion. The stock trades at a trailing price-to-earnings of 59.89 and a forward price-to-earnings of 42.9. Its estimated growth rate for this year is 12.1%, and for next year it's pegged at 31.4%. The current short interest as a percentage of the float for AMT is rather low at 1.8%

This stock is ripping higher today and hitting new highs after the company raised its financial outlook for the year by $20 million.

From a technical standpoint, this stock is now breaking out above some past overhead resistance at $56.22 to $56.84 a share on strong volume. The stock is also now trading in all-time high territory, which means that pretty much everyone who has bought shares is making money. If this stock can sustain this move and close above those previous resistance levels, then it should continue to trend higher.

That said, if it reverses in the near-term and trades back below those breakout prices, then it could be failed breakout.

American Tower, one of TheStreet Ratings' top-rated wireless stocks, shows up on a list of 5 Telecom Stocks With Upside.

-- Written by Roberto Pedone in Winderemere, Fla.


Follow Stockpickr on Twitter and become a fan on Facebook.
At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to and maintains the website, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.
6 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
MGAM $36.44 -0.03%
AKRX $25.45 0.00%
AMT $104.88 0.00%
LGF $22.20 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs