AT&T ends cautiously higher - Analysis - 17-03-2023

Economies.com
2023-03-17 12:34PM UTC

AT&T's stock (T) rose in the intraday levels, amid positive signals from the RSI, after reaching oversold levels, amid attempts to recoup some recent losses, marking a cautious profit of 0.44% in the last session, or 8 cents, and settling at 18.39, amid negative pressure from the 50-day SMA, while hurt  by piercing the upward correctional trend line in the short term.

 

Therefore we expect the stock to return lower, targeting the pivotal support of 17.64. 

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Expected trend for today: Bearish

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