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Look for Shares of At&T Inc to Potentially Rebound after Yesterday's 2.27% Sell Off

By James Quinn

At&T Inc (NYSE:T) traded in a range yesterday that spanned from a low of $29.86 to a high of $30.54. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $30.67 on volume of 18.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of At&T Inc on October 12th, 2018 by issuing a Downtrend alert when the shares were trading at $32.11. Since that call, shares of At&T Inc have fallen 4.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, At&T Inc share prices have been bracketed by a low of $28.85 and a high of $39.33 and are now at $30.73, 7% above that low price. The 200-day and 50-day moving averages have moved 0.26% lower and 0.47% lower over the past week, respectively.

Keywords: rebounders at&t inc

Ticker(s): T