RobbyP

AT&T for the beat

Long
NYSE:T   AT&T Inc.
I just couldn't resist a nibble on AT&T after that strong reversal "doji" played out with the stock price at 10 year lows. Momentum indicators are also starting to suggest an upward trajectory despite the earnings report "risk". Expected to report tonight, and besides the technicals, anything even slightly less than bad should send the stock rocketing of these very low levels. Admittedly, it is a risky buy ahead of earnings but hey, I am not here for a haircut. I have, however, placed a protective stop-loss at $23.70. But if she runs...I will let her run...
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.