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Watch for At&T Inc to Potentially Rebound After Falling 2.27% Yesterday

By David Diaz

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, shares of At&T Inc have traded between a low of $28.85 and a high of $39.33 and are now at $30.73, which is 7% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.5%.

Keywords: rebounders at&t inc

Ticker(s): T