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AT&T, Inc. Message Board

  • wilkes71 wilkes71 Dec 27, 2012 12:54 PM Flag

    AT&T Chart looks ominous

    About a week ago the 50 DMA crossed below the 200 DMA and T has been dropping ever since. Now T is trading below the lower Bollinger Band which is at $33.48. At $33.33, only 15 cents under the band, it is not yet a panic and volume is below average so don't rush out and sell. However a stop loss at $32.96 might be a good idea. Bollinger theory holds that, when the bands get close together, a breakout up or down is indicated. Often the initial breakout is swiftly reversed and a breakout occurs in the opposite direction. My point is, AT&T should be watched very closely for the rest of the year. A month ago I predicted a flat December and that has certainly occurred. I also predicted a jump to $40 starting in February. It now looks as if that might start in January.
    http://finance.yahoo.com/echarts?s=T#symbol=t;range=1y;compare=;indicator=dividend+bollinger+sma%28200%29+ema+volume+stochasticslow+rsi;charttype=candlestick;crosshair=on;ohlcvalues=1;logscale=off;source=undefined;

    Sentiment: Hold

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T
35.6899+0.1199(+0.34%)2:40 PMEDT