Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
AT&T's stock closed lower again in the intraday levels, recording a loss of 0.24% in the last session, or 0.10 points, with the stock leaning on the pivotal support of 41.70, lending it some positive momentum that helped it bounce higher before the close and trim the losses, and while it trespassed the support of the SMA for the last 50 days period, the upward trend remains dominating till this moment.
Therefore we still expect the stock to return higher in the coming trading, provided the support of 41.70 holds on, targeting the resistance of 43.50.