Yesterday AT&T went up and closed at $23.91

26.02.2022

By Axiory Intelligence

Yesterday at a glance: AT&T ended yesterday's session at $23.23. It later increased to $24.11, but dropped back and closed at $23.91.

• The trading volume was 43.86 million — slightly under the daily average of 60.43 million.

Before Monday's session: S&P 500 went up; it increased by 2.24% and traded at 4,384.65. AT&T's stock price increased by 2.93%, while the Communication Services sector gained 1.28% — a positive day for both. Sirius XM Holdings Inc is noteworthy, having gained 1.65%.

AT&T is currently trading with a market cap of $170.79 billion with an average daily volume of 60.43 million; Year to date, AT&T has lost 6.14%. So far, it has been better than the S&P 500 by 3.46%. AT&T last reported revenue of $40.96 billion with an EPS of 78 cents.

A chart visual study suggests the nearest resistance level is at $27.31. Trend indicators show us that at $23.88, AT&T made an initial breakout above 10 day Simple Moving Average, an indication of a positive trend.

Overall, looking at the technical analysis landscape, it seems AT&T might continue pointing upwards in the short term.

A look at other communication services stocks also showed green moves as Verizon traded at $54.12 after closing yesterday's trading day at $52.59 (up 2.91%). Charter was up 2.48%. Comcast was up 2.3%.

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