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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. The new level of support is at 27.52.
The stock has support at 27.61 and 26.08. If the stock breaks down through support at 27.61 then it will probably continue lower to 26.08. The stock has resistance at 29.15 and at 31.42. If the stock breaks up through resistance at 29.15 then it will probably continue higher to 31.42. The 200-day moving average is at 35.08. This will also act as resistance. The stock is extremely oversold according to the Stochastic Indicator (15.43).”
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