AT&T may rise to 18.50 - 18.80

Our pivot point is at 16.8.

Our preference

The upside prevails as long as 16.8 is support.

Alternative scenario

The downside breakout of 16.8 would call for 16.3 and 16.1.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 17.253 and 17.0432).

Supports and resistances

19 **

18.8 *

18.5 **

18.2

17.62 (USD-last)

17

16.8 **

16.3 *

16.1 **

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