Tuesday, October 17, 2017 12:18:35 PM
Traders and investors can easily see that telecom giant AT&T Inc (NYSE:T) has been under selling pressure recently. This stock has been falling since it peaked out in January 2017 at $43.03 a share. Today, T stock price is trading around $36.00 a share. The pattern on the charts still remains weak as T stock trades below its 50 and 200-day moving averages. Traders must now watch the $34.00 area as the next major support level. This is where the stock was defended in January 2016, and it will often be supported when retested. Please note, AT&T Inc (NYSE:T) will report earnings on October 24, 2017.
Nicholas Santiago
InTheMoneyStocks
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