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Sept. 23, 2022, 11:06 a.m. EDT

At&T Inc (T) Approaches New Downside Target of $16.01

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Sep 23, 2022 (SmarTrend(R) News Watch via COMTEX) -- Shares of At&T Inc /zigman2/quotes/203165245/composite T +0.16% have bearishly opened below the pivot of $16.25 today and have reached the first support level of $16.13. Investors may be interested in a cross of the next downside pivot targets of $16.01 and $15.77.

At&T Inc /zigman2/quotes/203165245/composite T +0.16% has potential upside of 113.9% based on a current price of $16.02 and analysts' consensus price target of $34.27. At&T Inc shares should first meet resistance at the 50-day moving average (MA) of $24.32 and find additional resistance at the 200-day MA of $27.64.

Over the past year, At&T Inchas traded in a range of $15.98 to $33.88 and are now at $16.02. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of At&T Inc on January 27th, 2022 by issuing a Downtrend alert when the shares were trading at $24.04. Since that call, shares of At&T Inc have fallen 17.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to SmarTrend at cs@mysmartrend.com

---------------------------------------------------------------------------------------------

SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com

COMTEX_415132427/2187/2022-09-23T11:05:37

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

Copyright, Comtex News Network, Inc. 2022

/zigman2/quotes/203165245/composite
US : U.S.: NYSE
$ 19.12
+0.03 +0.16%
Volume: 13.78M
Nov. 25, 2022 1:10p
P/E Ratio
7.09
Dividend Yield
5.81%
Market Cap
$136.27 billion
Rev. per Employee
$683,493
loading...
/zigman2/quotes/203165245/composite
US : U.S.: NYSE
$ 19.12
+0.03 +0.16%
Volume: 13.78M
Nov. 25, 2022 1:10p
P/E Ratio
7.09
Dividend Yield
5.81%
Market Cap
$136.27 billion
Rev. per Employee
$683,493
loading...

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