After Yesterday's Rally of 1.49% Shares Could Potentially Pullback
AT&T (NYSE:T) traded in a range yesterday that spanned from a low of $42.54 to a high of $43.19. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $42.54 on volume of 10.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
AT&T share prices have moved between a 52-week high of $43.14 and a 52-week low of $30.97 and are now trading 39% above that low price at $43.10 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 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: rebounders AT&T