Bullish Moving Average Cross by AT&T (T)
Today, shares of AT&T (NYSE:T) have crossed bullishly above their 10-day moving average of $42.72 on a volume of 6.7 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, AT&T share prices have been bracketed by a low of $30.97 and a high of $43.89 and are now at $43.19, 39% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.
SmarTrend recommended that subscribers consider buying shares of AT&T on October 22nd, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.81. Since that recommendation, shares of AT&T have risen 25.8%. We continue to monitor T for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses AT&T