After Yesterday's Rally of 1.41% Shares Could Potentially Pullback
AT&T (NYSE:T) traded in a range yesterday that spanned from a low of $42.46 to a high of $43.29. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $42.98 on volume of 8.5 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 share prices have been bracketed by a low of $30.97 and a high of $43.89 and are now at $43.24, 40% above that low price. The 200-day and 50-day moving averages have moved 0.23% higher and 0.44% higher over the past week, respectively.
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 25.9%. We continue to monitor T for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: rebounders AT&T