This move happened on lower volume, as yesterday’s volume was down 37.11% from the day before — and down 27.62% from the same day the week before.
As for how volume fared, yesterday’s volume was up 40.38% from the previous day (monday), and up 12.18% from tuesday of the week before.
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This move is a reversal from the hour prior, which saw price move up.
Price action traders in particular will want to note that the 30 and 90 day periods appears to show price forming a base; this could indicate that a support/resistance level is developing.
It’s been a feast for bulls operating on an hourly timeframe, as at&t has now gone up 4 of the past 5 hours.
It’s been a feast for bears operating on an hourly timeframe, as at&t has now gone down 8 of the past 10 hours.
Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
The price move occurred on stronger volume; specifically, yesterday’s volume was up 31.88% from the day prior, and up 100.15% from the same day the week before.
For another vantage point, consider that at&t inc’s price has gone up 8 of the previous 14 trading days.