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SmarTrend Watching for Potential Rebound in Shares of At&T Inc After 2.84% Loss

By Amy Schwartz

At&T Inc (NYSE:T) traded in a range yesterday that spanned from a low of $28.21 to a high of $28.92. Yesterday, the shares fell 2.8%, which took the trading range below the 3-day low of $29.15 on volume of 24.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Over the past year, At&T Inc has traded in a range of $26.08 to $39.58 and is now at $28.13, 8% above that low. The 200-day and 50-day moving averages have moved 0.18% lower and 1.22% lower over the past week, respectively.

Keywords: rebounders at&t inc

Ticker(s): T