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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 generally implies it is in a negative trend. If the new level of support at 30.34 holds, look for a bounce to the next resistance level at 30.76. If the stock breaks up through resistance at 30.76 a positive trend change is being attempted. Look for a possible long-term rally to previous highs.
The stock has support at 30.34 and 28.06. If the stock breaks down through support at 30.34 then it will probably continue lower to 28.06. The stock has resistance at 30.76 and at 33.01. If the stock breaks up through resistance at 30.76 then it will probably continue higher to 33.01. The 200-day moving average is at 35.29. This will also act as resistance. The stock is neutral according to the Stochastic Indicator (38.54).”
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