In the past five years AT&T has always gone down in January. Today the price jumped all the way from the lower Bollinger Band to break through the upper band. Up 3.5% today on volume 28% above average.
So, it it good that it broke through the upper Bollinger Band? Just trying to learn.
A breakthrough of this magnitude usually continues for a week or two; even longer. This is especially true when it comes from below the lower band.
Sentiment: Strong Buy