At&T Inc (T) Up 2.85%, in a Downtrend Over Past 14 Days; Bullish Engulfing Pattern in Play

At&T Inc 4 Hour Price Update

Updated June 30, 2020 04:34 PM GMT (12:34 PM EST)

In the past four hours of today’s trading session, T’s price is up $0.12 (0.42%). To help put that in perspective, note that At&T Inc’s peers in the in the Communication industry are up 1.22% on average during this time, while the broader Communication Services sector is up by an average of 1.82%.

At&T Inc Daily Price Recap

The choppiness in the recent daily price action of At&T Inc continues; to start today, it came in at a price of 29.91 US dollars, up 2.85% ($0.83) since the previous day. The price move occurred on volume that was down 51.7% from the day prior, but up 30.49% from the same day the week before. The daily price chart of At&T Inc below illustrates.

At&T Inc Technical Analysis

Notably, At&T Inc is now close to its 50 day averages, located at 30.24 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 14 days At&T Inc’s price has gone down 7 them. Candlestick traders will also want to note that we are seeing a bullish engulfing pattern amidst the downtrend on the 14 and 90 day charts; a bullish engulfing pattern amidst a downtrend may signal the downtrend is ready to culminate.

Overheard Around the Web

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

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