American Stocks Analysis

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 returns higher - Analysis - 21-09-2018

Economies.com
2018-09-21 14:24PM UTC

AT&T's stock returned higher in the intraday levels after attempts to vent off overbought saturation in the RSI, scoring a profit of 0.21% in the last session, or 0.07 points, while buoyed by a positive pattern that formed in the short term, the Falling Wedge pattern, with positive support from the 50-day SMA. 

 

Therefore we expect more gains for the stock, targeting the resistance of 34.53, as long as the support of 32.80 holds on. 

 

Expected trend for today: Bullish 

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