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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 stock has support at 27.75 and 26.08. If the stock breaks down through support at 27.75 then it will probably continue lower to 26.08. The stock has resistance at 28.80 and at 30.53. If the stock breaks up through resistance at 28.80 then it will probably continue higher to 30.53. The 200-day moving average is at 31.38. This will also act as resistance. However, the stock has broken out of its long-term downtrend according to the fibonacci fan, which is significant. If the stock can form new support above 27.75 look for a rally to previous highs. The stock is slightly oversold according to the Stochastic Indicator (26.65).”
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