AT&T Inc (T) “On a long-term technical basis, the stock (T) is trading below its 200-day moving average which implies it is in a negative trend. However, the stock has broken up through an important long-term resistance level at 30.00 suggesting the long-term down trend could be turning neutral. If this new level of support at 30.00 holds, look for a move higher to the next resistance level at 33.70.

The stock has support at 30.00 and 26.08. If the stock breaks down through support at 30.00 then it will probably continue lower to 26.08. The stock has resistance at 31.85 and at 33.70. If the stock breaks up through resistance at 31.85 then it will probably continue higher to 33.70. The 200-day moving average is at 36.19. This will also act as resistance. The stock is neutral according to the Stochastic Indicator (39.94).”