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After Yesterday's Rally of 6.80% Shares Could Potentially Pullback

By Nick Russo

At&T Inc (NYSE:T) traded in a range yesterday that spanned from a low of $28.68 to a high of $30.11. Yesterday, the shares gained 6.8%, which took the trading range above the 3-day high of $28.30 on volume of 30.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that its subscribers protect gains by selling shares of At&T Inc on January 30th, 2020 by issuing a Downtrend alert when the shares were trading at $36.89. Since that call, shares of At&T Inc have fallen 23.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

At&T Inc share prices have moved between a 52-week high of $39.58 and a 52-week low of $26.08 and are now trading 16% above that low price at $30.20 per share. The 200-day and 50-day moving averages have moved 0.18% lower and 1.74% lower over the past week, respectively.

Keywords: rebounders at&t inc

Ticker(s): T