Are those who want AT&T to sell over?

04 february 2022 116
Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
1st in the segment "Currencies"
2nd in the segments "Indices" and "Metals"
3rd in the segment "US stocks"
Load the latest quotes
Full screen

AT&T Corporation published the quarterly reporting on 26 January. The results turned to be better than market expectations but weak predictions for this year with a decrease in the annual dividend from $2.08 to $1.11 led to the rapid decline.


For a long time, stocks are in the downtrend but now minimums were not updated. Probably, all principal stockholders of AT&T who wanted to leave long positions have already done this.


If the lower boundary of the uptrend stands from the minimum of 21.98, it can be followed by the bounce from the upper boundary of the emerging channel, now it is moving close to 26.5.

Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
1st in the segment "Currencies"
2nd in the segments "Indices" and "Metals"
3rd in the segment "US stocks"
Comments
New Popular
Send
Commenting rules

Subscribe to our newsletter and stay up to date with all the news!