AT&T may rise to 23.00 - 23.50

Our pivot point stands at 21.

Our preference

As long as 21 is support look for 23.

Alternative scenario

The downside breakout of 21 would call for 20.3 and 19.9.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 21.719 and 20.8916).

Supports and resistances

23.9 **

23.5 *

23 **

22.6

21.73 (USD-last)

21.3

21 **

20.3 *

19.9 **

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