Wednesday, June 28, 2017 3:28:48 PM
AT&T Inc. (NYSE:T) pays a 5% dividend. The stock is a blue chip that will likely be around for decades to come. Based on these factors, investors like myself look to buy AT&T Inc. on any solid pull back, as long as the stock is into major technical chart support. Think about it like this, even if the stock does not move from your entry, you make 5%. Even if it falls 5% you are flat. In addition, you are buying it at a technical level that puts the odds in your favor significantly of major upside. This is how I think. After saying that, AT&T Inc. is approaching very serious technical support. I am a major buyer of the stock when it hits $35.95. I expect as much as a 10% swing trade bounce off that level, perhaps even more. Add in the 5% dividend and I see this as an obvious investment for longer term investors.
Gareth Soloway
InTheMoneyStocks
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