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Long

Bullish Crossover Could Send AT&T to 42.50

NYSE:T   AT&T INC
Breaking through this wedge could send AT&T's stock to about 38.50 in the short-term and about 42.50 in the long-term. The 50 day MA is in the process of crossing over the 100 day MA, which could be just what this stock needs to push the price through this wedge pattern. The last time this pattern was set up in mid 2010, the price jumped 15.68% from 25.50 to 29.50 in just a few months. The stock continued to climb to 38.00 in the coming years.
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