05.11.2014 - The price of AT&T has reached the upper limit of the channel

The stock price of AT&T after a rebound from the support level at 33.50 reached an important level of 35.00. Currently, there is a possibility of correction due to the fact that the price has reached the upper boundary of the descending channel. At the same time fixing the price above 35.00 will mean the completion of the formation of the double bottom, which indicates a change in trend to positive. We recommend to wait for the signals for further action, but expect the decline over the medium term.

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