We investigate the presence of spin- and planar- squeezing in generalized superpositions of atomic (or spin) coherent states (ACS). Spin-squeezing has been shown to be a useful tool in determining the presence of entanglement in multipartite systems, such as collections of two-level atoms, as well as being an indication of reduced projection noise and sub-shot-noise limited phase uncertainty in Ramsey spectroscopy, suitable for measuring phases $phisim 0$. On the other hand, planar-squeezed states display reduced projection noise in two directions simultaneously and have been shown to lead to enhanced metrological precision in measuring phases without the need for explicit prior knowledge of the phase value. In this paper, we show that the generalized superposition state can be parametrized to display both spin-squeezing along all orthogonal axes and planar-squeezing along all orthogonal planes for all values of $J>1/2$. We close with an application of the maximally spin- and planar-squeezed states to quantum metrology.