Sam Collins

AT&T Forming a Bottom

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AT&T (T) -- This telecommunications services provider has fallen from a high of almost $43 to less than $22 in a little over a year.

This blue-chip household name is forming a bottom, and now may be the time to add it as a longer-term quality holding. 

Buy signals from our internal indicator, the Collins Bollinger Reversal (CBR), and an undervalued Moving Average Convergence/Divergence (MACD) are both favorable signs. 

But in order for the stock to get moving, it must break through the quintuple-top at around $27. 

While waiting for the breakout, investors will receive a dividend yield of almost 6.5%. 

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