AT&T Does it Again: Heads Up for the 4th Straight Day

The Hourly View for AT&T

  • Currently, T’s price is up $0.14 (0.5%) from the hour prior.
  • This move is a reversal from the hour prior, which saw price move down.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
  • The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

AT&T’s hourly price chart is shown below.

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The Daily View for AT&T

  • At the time of this writing, T’s price is up $0.02 (0.07%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as AT&T has now gone up 4 of the past 5 days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
  • Price action traders may also wish to note that we see some doji and pin bar candlestick patterns on AT&T. Given that we see an uptrend on the 20, 10 and 5 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Below is a daily price chart of AT&T.

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Featured AT&T Commentary From Twitter

MORE THAN 500,000 T OF INDIAN RICE SHIPMENTS STUCK BECAUSE OF FREIGHT TRAIN SHORTAGE -TRADERS

MOST INDIAN RICE TRADERS STOP SIGNING FEBRUARY EXPORT DEALS DUE TO FREIGHT TRAIN SHORTAGE -TRADERSNA

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