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Bearish Moving Average Cross by AT&T (T)

By Amy Schwartz

AT&T (NYSE:T) shares have crossed bearishly below their 10-day moving average of $40.97 on a volume of 4.8 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

AT&T share prices have moved between a 52-week high of $43.89 and a 52-week low of $30.97 and are now trading 31% above that low price at $40.64 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

SmarTrend is tracking the current trend status for AT&T and will alert subscribers who have T in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses AT&T

Ticker(s): T