AT&T gains ground - Analysis - 05-07-2016

AT&T's stock kept rising in the intraday levels, scoring a fresh profit of 0.6% in the last session, or 0.26 points, amid ongoing positive pressure from the SMA for the last 50 days period, with complete dominance of the main upward trend in the medium and short terms along the trend line, coupled with an influx of positive signals from relative power indicators.

Therefore we expect more gains to come for the stock, targeting the resistance of 44.00.