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AT&T, Inc. Message Board

  • wilkes71 wilkes71 Jul 30, 2013 1:13 PM Flag

    Bollinger Theory

    It has been more than a year since the Bollinger bands were less than 75 cents apart as they are today. The theory is that tight bands precede a major move in one direction or the other. The trick is in choosing the right direction. On May 21st the bands were 88 cents apart and T was trading at $37. Less than a month later T was trading very close to $34 on some days. On May 21st the 50 DMA was $1.34 above the 200 DMA and T closed below the 50 DMA. Today the 50 DMA is only 16 cents above the 200 DMA which is at $35.56. Just from reading the chart and noting that the RSI is only slightly above 50, I would guess that the breakout will be to the downside and take us near $33 where there is strong support.

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