AT&T may rise to 23.40 - 23.80

Our pivot point stands at 21.5.

Our preference

As long as 21.5 is support look for 23.4.

Alternative scenario

Below 21.5, expect 20.8 and 20.4.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 21.705 and 20.3964).

Supports and resistances

24.2 **

23.8 *

23.4 **

23

22.05 (USD-last)

21.7

21.5 **

20.8 *

20.4 **

Number of asterisks represents the strength of support and resistance levels.