Monday, January 29, 2018 12:32:11 PM
AT&T Inc (NYSE:T) is a global telecommunication giant. The stock has been coming under some selling pressure since late December 2017. At that time, T stock traded as high as $39.32 a share. Today, T stock is trading lower by 0.50 cents to $37.33 a share. It should be noted that T stock is trading slightly below its 20 and 200-day moving averages. This puts the stock is a weak technical position near term. Traders should now watch the $34.50 area for major chart support. This level has been defended numerous times in past years and will likely serve as solid support when retested. Please remember, the company will report earnings on January 31, 2018 after the closing bell.
Nicholas Santiago
InTheMoneyStocks
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