Summary
- The stock is poised to continue its recent trend higher.
- A technical analysis suggests the shares rise to $34.25.
- The options market supports that bullish outlook.
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Since the end of March, the technicals for AT&T (T) have been steadily improving and that appears to still be the case. In fact, a new analysis of the chart would suggest that the stock continues to rise over the near term. Recent trends in options would support that technical analysis.
The last time I wrote on AT&T was before the company reported results in April noting that the stock would rise following results. While it did not rise immediately, the stock has slowly continued to trend higher. You can now track my success and failure rate from these articles on this Google Spreadsheet I created to judge for yourself.
