AT&T Inc (T) “On a long-term technical basis, the stock (T) is trading below its 200-day moving average which generally implies it is in a negative trend. If the new level of support at 29.52 holds, look for a bounce to the next resistance level at 30.15. If the stock breaks up through resistance at 30.15 a positive trend change is being attempted. Look for a possible long-term rally to previous highs.

The stock has support at 29.52 and 27.61. If the stock breaks down through support at 29.52 then it will probably continue lower to 27.61. The stock has resistance at 30.15 and at 31.87. If the stock breaks up through resistance at 30.15 then it will probably continue higher to 31.87. The 200-day moving average is at 34.93. This will also act as resistance. The stock is extremely oversold according to the Stochastic Indicator (21.81), and turning up, which suggests a pause or possible rebound, especially if near support. Confirm this with the Short-Term and Daily Outlook to keep from exiting prematurely.”