AT&T may rise to 19.20 - 19.50

Our pivot point stands at 17.5.

Our preference

As long as 17.5 is support look for 19.2.

Alternative scenario

Below 17.5, expect 16.9 and 16.6.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 17.8105 and 17.2264).

Supports and resistances

19.8 **

19.5 *

19.2 **

18.8

18.11 (USD-last)

17.7

17.5 **

16.9 *

16.6 **

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