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AT&T Is Carving Out a Long-Term Bottom and Bullish Reversal

Jonas Elmerraji

The good news is that AT&T's laggard status could finally be about to change. At a glance, the sideways grind in AT&T has been hard to miss. Since late October, shares of AT&T have been forming an inverse head-and-shoulders pattern, a bullish reversal setup with a silly name but meaningful trading implications.