A Good Connection with AT&T

by Sam Collins   01/14/09
Email This   Print Page  Tweet This Tweet This



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.

More Trader Alerts


On Nov. 26, with T at $28, the Chart of the Day said, "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."

The stock ran to $31 before profit-taking drove it down to $26 and a new CBR buy signal. Note the upward arching stochastic that is just shy of a buy signal.

The target for a "telephone trade" is $32. Longer-term buyers may want to add T to their investment-grade list of holdings.

Get Sam Collins' Daily Trader's Alert e-mailed straight to your inbox each morning before the opening bell absolutely FREE!

In addition to getting instant access to his Trade of the Day, you'll also receive, in the same e-mail, his Daily Market Outlook so you can start your day off right by positioning yourself for profits!

Click here today to sign up today for Sam's FREE Daily Trader's Alert!

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.

More By This Expert

Should You be Worried the Market is Overbought?

I've been noting that our internal indicators are overbought, but none of them actually issued a sell signal until yesterday.

Emerging Markets Fund Looks Tired

The iShares MSCI Emerging Markets Index Fund (EEM) has been a great performer but, like the broad market, is showing sign of fatigue.

Volume Declining to Lowest Level of the Year

Major investors are reluctant to put more cash to work until they are convinced that the economy is moving forward enough to warrant new investments.

Bulk Up Your Portfolio With SB

With shipping rates going up, dry bulk carrier Safe Bulkers Inc. (SB) has broken from a bullish formation.

Is the Market Tiring?

Most technicians would consider a divergence in the Dow averages to be a potentially important indication that the market is tiring. But is this a serious problem, yet?

Options Broker Center

Compare Brokers