AT&T Poised for Turnaround
by Sam Collins 11/26/08
Editor's Note: Due to the Thanksgiving holiday, we will not be publishing the Daily Trader's Alert or the Trade of the Day Thursday, Nov. 27, or Friday, Nov. 28. We will return with new market commentary and a Trade of the Day on Monday, Dec. 1. We wish you a safe and happy holiday.
AT&T Inc. (T) -- This major provider of telecommunications services to consumers and businesses in the United States and internationally has fallen from a high of almost $43 to under $22 in a little over a year.
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Now T is showing signs of a bottom, with a buy signal from our in-house Collins-Bollinger Reversal (CBR) indicator, a buy from the stochastic indicator, and a close above the 20- and 50-day moving averages.
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Sam Collins is a registered, fee-based portfolio manager who may be contacted samailc@cox.net. You can also check out an archive of some of his most recent market outlooks by clicking here.
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