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After Yesterday's Rally of 1.09% Shares Could Potentially Pullback

By David Diaz

At&T Inc (NYSE:T) traded in a range yesterday that spanned from a low of $34.93 to a high of $35.33. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $35.27 on volume of 9.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, At&T Inc share prices have been bracketed by a low of $32.55 and a high of $43.89 and are now at $35.22, 8% 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 is tracking the current trend status for At&T Inc and will alert subscribers who have T in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders at&t inc

Ticker(s): T