Bull & Bear: AT&T Inc.

Shares of AT&T Inc. T are trading lower on the session by 0.75%, at $30.42. With shares breeching the 50-day moving average, you have to wonder where they are heading next… Bulls: Bulls will note that the $30.10 level is major near-term support; this became a resistance come support level when shares rocketed above the level in April on high volume. Bulls will also note that the 200-day moving average remains upward-sloping. AT&T Inc. is also entering oversold territory. A bullish trader could buy the July $31/29 risk reversal for even money. Bears: Bears will note that the 20-day moving average is downward sloping and that the 50-day is in danger of tipping that direction as well. If AT&T Inc. were to break down through the $30.10-$30.00 support level, shares would have a medium-term price target of $28.00. Bears will also note that the 200-day moving average, while upward trending, is trading all the way down at $29.00, which means that shares could be sucked lower just on mean-reversion. A bearish trader could buy the July $30/28 put spread for a net debit of $0.55. AT&T Inc. is a holding company. The company is a provider of telecommunications services in the United States and worldwide. These include wireless communications, local exchange services, long-distance services, data/broadband and Internet services, video services, managed networking, wholesale services and directory advertising and publishing. It operates in four segments: wireless, which provides both wireless voice and data communications services across the United States and, through roaming agreements, in foreign countries; wireline, which provides landline voice and data communication services, AT&T U-Verse TV, broadband and voice services and managed networking to business customers; advertising solutions, which publishes Yellow and White Pages directories and sells directory advertising and Internet-based advertising and local search, and other, which provides results from customer information services and all corporate and other operations.