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Sept. 20, 2022, 10:52 a.m. EDT

At&T Inc (T) Crosses Pivot Point Support at $16.61

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Sep 20, 2022 (SmarTrend(R) News Watch via COMTEX) -- Shares of At&T Inc /zigman2/quotes/203165245/composite T +0.16% opened today below their pivot of $16.73 and have already reached the first level of support at $16.61. Investors may be interested in a cross of the next downside pivot targets of $16.45 and $16.17.

Over the past year, At&T Inc has traded in a range of $18.87 to $33.88 and is now at $19.89, 5% above that low. 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%.

At&T Inc has overhead space with shares priced $19.89, or 42.0% below the average consensus analyst 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.

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


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$ 19.12
+0.03 +0.16%
Volume: 13.78M
Nov. 25, 2022 1:10p
P/E Ratio
Dividend Yield
Market Cap
$136.27 billion
Rev. per Employee

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