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Admin123 : Admin - Sapphire Capitals
Date : 2022-03-06

Stock of interest - Week 10 of 2022 - USA - AMT

Stock of interest - Week 10 - 2022

The week beginning Monday, the 7th March is Week 10 as per ISO numbering convention of the weeks of a year.

Stock in focus:

This week starts with several stocks in view ALGN, AMT, AMZN, CSX and many more. Specific Stock in focus is American Tower Corporation (Ticker: AMT). BULLISH

Why: Seasonality with 90% probability of success in a BUY (LONG) trade

Overview:

American Tower Corporation, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 219,000 communications sites.

Fundamentals:

52 Week Range 197.50 - 303.72

Volume 2,087,524

Market Cap 108.628B

PE Ratio (TTM) 42.10

EPS (TTM) 5.66

1y Target Est 294.42

Current trading price:

As of Friday close, the stock was trading at 238.28.

Seasonality:

The stock demonstrated strong seasonal move in week 10 of the year, here are some of the details of its seasonal behaviour:

In 9 out of last 10 years in week 10, the stock was bullish with average move up of 10.49% and average move down of 3.21% for an average holding time of 40 days;
If 100 stocks of AMT were bought in the beginning of week 10 every year for last 10 years, then a trader would have had a Gross Profit of $15,435, Gross Loss of $566, making a Total Net Profit of $14,869;
In those 10 years, the Largest Win was $5,381, Largest Loss is $566, the Average profit/trade being $1487.
The average Reward-Risk Ratio (RRR) in those trades were about 27:1

Charts:

Summary report extract:

Trade Performance (Single Stock/ETF/Index, non-leveraged): 2012-2021:

Seasonality Histogram:

Latest event candlestick chart:

Further Information about trading applications:

Please visit the following URL for more information on various trading applications from Sapphire Capitals which are designed to deliver high probability trading opportunities for swing trading as well as for intraday trading:

Disclaimer:

Sapphire Private Assets (ABN: 34 613 892 023, trading as Sapphire Capitals) is not a broker or a financial adviser but an education and research organisation; we provide training and tools for traders and DIY fund managers for trading in global financial markets. The contents of the blog have been produced by using technical analysis and trading applications developed by Sapphire Capitals for the Stock and ETF traded worldwide. The contents of this blog are intended for education and research purposes only and is not a recommendation or solicitation to invest in any Stock or ETF.

For more details, please visit www.sapphirecapitals.com/Disclaimer.