AT&T Inc. (NYSE:T) has been on fire, rallying over 15% since November 1. However, T stock price is still down more than 9% so far for 2017. So is it time to get in on this recent momentum or take a pass on the telecom giant?
Let’s look at the chart first.
Trading T Stock Price
AT&T certainly has positives, but its chart is anything but pretty. T stock price made a bullish move when it was able to reclaim the $35 mark. Above that and it was a reasonable long. However, now pushing into the $39 level, T stock enters some serious resistance.