I find it hard to understand why so many have turned barish?
Numbers weren't great but when they came out she was overbought on daily chart Failed just below 200 day avg 35.83 Sitting below we should get a good idea what's ahead for the stk The 20 and 50day avgs on daily are sitting at 34.18 and 34.08 any close below both with volume calls for a test of 33 area But looking At weekly chart she failed at her 50day avg and monthly chart she failed on her 20day avgs both weekly and monthly are far from being overbought if any thing she's showing she's undersold with the long term charts still a bit bullish very hard ti think she's done on up side going forward .Low risk buys 34 area with stop close both avgs than looking for the last and most important numbers 33 . So with around 5%+ got to be a buyer come 34 area if i am wrong risk is small but worth taking. Good luck to all be you short or long
It's hard to guess why you guys think T is day-traders' stock. Or why daily price changes reflect actual shareholders feelings. T is a buy-and-hold for yield stock. Average daily volume is only 0.42% of T's market value; which indicates that 99.58% of holders sit tight while you play your games.
I think bearish is typical at the bottom and that is where the chart seems to indicate we are. The 10 DMA is moving up and the 50 DMA has stopped moving down.