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Look for Shares of At&T Inc to Potentially Rebound after Yesterday's 1.24% Sell Off

By David Diaz

At&T Inc (NYSE:T) traded in a range yesterday that spanned from a low of $36.97 to a high of $37.43. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $37.42 on volume of 8.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, At&T Inc has traded in a range of $35.81 to $43.89 and is now at $37.02, 3% 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%.

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: rebounders at&t inc

Ticker(s): T