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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. The stock has broken down through support at 31.13, so look for new support at 29.10.
The stock has support at 29.10 and 27.25. If the stock breaks down through support at 29.10 then it will probably continue lower to 27.25. The stock has resistance at 31.13 and at 32.93. If the stock breaks up through resistance at 31.13 then it will probably continue higher to 32.93. The 200-day moving average is at 36.04. This will also act as resistance. The stock is slightly overbought according to the Stochastic Indicator (68.46).”
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