19.05.2014 - AT&T is trying to continue its growth

The price of telecommunications giant AT&T has overcome the strong resistance level at 36.50. For continued growth the price needs to gain a foothold above this mark. The upward movement is limited by the resistance at 39.00. In case of decrease below 36.50, we recommend to open short positions with the targets at 35.70, 34.30, 33.00 and 32.00. We expect price correction and downward movement in the medium term.

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