AT&T may rise to 21.20 - 21.70

Our pivot point stands at 19.

Our preference

The upside prevails as long as 19 is support.

Alternative scenario

The downside breakout of 19 would call for 18.2 and 17.8.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 19.4255 and 19.0166).

Supports and resistances

22.1 **

21.7 *

21.2 **

20.7

19.65 (USD-last)

19.3

19 **

18.2 *

17.8 **

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