Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
AT&T's stock closed flat while underpinned by exiting a descending price channel that guided recent short-term trading, with positive pressure from the 50-day SMA, countered by negative signals from the RSI despite reaching oversold levels.
We reaffirm our positive outlook for the stock, targeting the resistance of 32.79, as long as the support of 31.16 holds on.
Expected trend for today: Bullish