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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. However, the stock has broken up through an important long-term resistance level at 28.51 suggesting the long-term down trend could be turning neutral. If this new level of support at 28.51 holds, look for a move higher to the next resistance level at 32.78.
The stock has support at 28.51 and 26.08. If the stock breaks down through support at 28.51 then it will probably continue lower to 26.08. The stock has resistance at 30.65 and at 32.78. If the stock breaks up through resistance at 30.65 then it will probably continue higher to 32.78. The 200-day moving average is at 35.95. This will also act as resistance. The stock is slightly overbought according to the Stochastic Indicator (65.59).”
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