ChristopherCarrollSmith

AT&T rising wedge

Long
NYSE:T   AT&T INC
AT&T's valuation looks pretty good today, with a 57/100 valuation score from S&P Global Intelligence. Dividend yield currently stands at 5.5%, making this a solid stock for recession protection and a steady cash return. Analyst summary score is 8.9/10, and options activity is bullish . AT&T is in the middle of a rising wedge ; buy here or pick up any dip to the bottom of the wedge . There's a fair amount of volume support below the current price, with particularly strong support around $38 per share.

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