AT&T Shares Not Likely to Rise in Intermediate Term

AT&T (T) sold off from August to November last year and then in about six weeks recouped most of the decline. Since early January T has been correcting that rapid rally and it doesn't look over yet.

In this daily bar chart of T, below, you can see that T gaped lower in early January and this gap was filled in early February. Prices are below the rising 50-day moving average line and the upward sloping 200-day average line is being tested....130 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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