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American Tower Corp (AMT) Tenkan Sitting Below Kijun



  • Source: Daily Stock Dish - - Read: 0

    Summary:

     

    Shares of American Tower Corp (AMT) are on watch as the Tenkan Line has moved below the  Kijun line, indicating negative momentum for the equity.  American Tower Corp moved -0.29 in the most recent session and touched 226.28 on a recent tick.

    The Tenkan Line or Tenkan Sen (Sen means line in Japanese) is known as the conversion line or turning line is similar to a 9SMA but actually is quite different. Remember a SMA (simple moving average) will smooth out all the data and make it equal but the Tenkan Line will take the highest high and lowest low over the last 9 periods. The explanation for this is Hosada felt price action and its extremes were more important than smoothing any data because price action represented where buyers/sellers entered and directed the market, thus being more im ...

     

     

    Read Full News: https://dailystockdish.com/american-tower-corp-amt-tenkan-sitting-below-kijun/


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