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At&T Inc (T) Approaches New Downside Target of $31.94

By David Diaz

Shares of At&T Inc (NYSE:T) opened today below their pivot of $32.16 and have already reached the first level of support at $32.08. Analysts will be watching for a cross of the next downside pivot targets of $31.94 and $31.72.

In the past 52 weeks, shares of At&T Inc have traded between a low of $26.80 and a high of $35.82 and are now at $32.01, which is 19% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

There is potential upside of 22.3% for shares of At&T Inc based on a current price of $32.01 and an average consensus analyst price target of $39.14. At&T Inc shares have support at the 200-day moving average (MA) of $31.30 and additional support at the 50-day MA of $30.86.

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: pivot alerts at&t inc

Ticker(s): T