AT&T was $31 just last April but it was $38 by August. The 200 SMA (now $34.46) is still in an uptrend even though trading has been below that line for the past month. In fact it looks as if the 50 EMA will cross below the 200 SMA in about two weeks. That might trigger a short term sell off but I doubt it will take us to $31. If it does, buy all you can because inflation is on the way at it will make stock prices increase.