Sector Update: Telecomm Surging

The Telecomm Sector is the strongest area of the market in today's trading session, currently up 1.2% on the day. The strongest stocks in the S&P 500 Telecomm Sector currently are: 1) AT&T T: Shares of AT&T are currently trading up 1.5% from Friday's close to $30.80. The stock is looking to break above its 50-day simple moving average (one year daily chart), which is currently at $30.89. The 52-week high for AT&T is $31.94. 2) Sprint Nextel S: Shares of Sprint Nextel are currently trading up 1.5% from Friday's close to $5.30. The stock has lost 18% since hitting a 52-week high of $6.45 on June 2nd. Shares are trading just above their 50-day simple moving average (one year daily chart), which is currently at $5.16. 3) Verizon Communications VZ: Shares of Verizon are currently trading up 1.4% from Friday's close to $35.70. The stock has significant support at $35.16. Shares are looking to break above the $36 level, which has served as short-term resistance. 4) American Tower AMT: Shares of American Tower are currently trading up 0.9% from Friday's close to $50.42. The stock is looking to break above its 200-day moving average (one year daily chart), which is currently at $51.35. 5) Windstream WIN: Shares of Windstream are currently trading up 0.5% from Friday's close to $12.87. The stock is looking to break above its 50-day simple moving average (one year daily chart), which is currently at $12.96.