At&T Inc (T) Up 0.61%, in a Downtrend Over Past 90 Days; Price Base in Formation Over Past 14 Days

At&T Inc Daily Price Recap

At&T Inc came into today up 0.61% ($0.18) from the open of the previous day, marking the 2nd day in a row an increase has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 3.86% from the day prior, and up 12.6% from the same day the week before. Below is a daily price chart of At&T Inc.

At&T Inc Technical Analysis

The first thing we should note is that the current price of At&T Inc is sitting close to its 20 and 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 16 out of the past 30 days. As for those who trade off of candlesticks, we should note that we’re seeing doji and pin bar patterns appearing here.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about T:

    $T interesting post of IBM group site about layoffs happening. Sad but this information about $T

    From anon: Business Resiliency Services laid off their ENTIRE network team, including their manager. The mention was made during individual announcements that AT&T may be brought in to manage the network and it might be possible for the network techs to apply for a job with AT&T. This team, as well as others, deal with clients who declare disasters during tornadoes , floods etc. the clients will be leaving in droves.

    pattiG