Next Support Level for AT&T (T) is $33.82
Shares of AT&T (NYSE:T) opened today below their pivot of $34.19 and have already reached the first level of support at $33.98. Investors may be interested in a cross of the next downside pivot targets of $33.82 and $33.45.
In the past 52 weeks, AT&T share prices have been bracketed by a low of $28.51 and a high of $38.58 and are now at $34.04, 19% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.6%.
AT&T has overhead space with shares priced $34.04, or 5.2% below the average consensus analyst price target of $35.92. The stock should run into initial resistance at its 200-day moving average (MA) of $34.42 and subsequent resistance at its 50-day MA of $35.47.
SmarTrend recommended that its subscribers protect gains by selling shares of AT&T on October 11th, 2012 by issuing a Downtrend alert when the shares were trading at $36.68. Since that call, shares of AT&T have fallen 6.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: pivot alerts AT&T