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AT&T (T) Crosses Pivot Point Support at $38.74

By David Diaz

Shares of AT&T (NYSE:T) opened today below their pivot of $38.86 and have already reached the first level of support at $38.74. Should the shares continue to fall, the support pivots of $38.57 and $38.28 will be of interest.

Over the past year, AT&T has traded in a range of $30.97 to $43.89 and is now at $38.74, 25% above that low. 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%.

AT&T (NYSE:T) has potential upside of 11.7% based on a current price of $38.74 and analysts' consensus price target of $43.25. The stock should find initial support at its 50-day moving average (MA) of $38.49 and further support at its 200-day MA of $35.11.

SmarTrend is tracking the current trend status for AT&T and will alert subscribers who have T in their portfolio or watchlist when shares have changed trend direction.

Keywords: pivot alerts AT&T

Ticker(s): T