Buz Investors Technical Breakout The other morning, as I was doing my daily scan for stocks that were on the move, I stumbled upon AT&T Inc. (NYSE:T) stock

AT&T Stock is on the Brink of a Technical Breakout

T Stock is Technically Perfect

Buz Investors Technical Breakout The other morning, as I was doing my daily scan for stocks that were on the move, I stumbled upon AT&T Inc. <span data-recalc-dims=(NYSE:T) stock" width="300" height="182" srcset="https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/03/ATT-stock-300x182-Small.jpg?resize=300%2C182 300w, https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/03/ATT-stock-300x182-Small.jpg?resize=768%2C466 768w, https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/03/ATT-stock-300x182-Small.jpg?w=791 791w" sizes="(max-width: 300px) 100vw, 300px" />

Buz Investors Technical Breakout The other morning, as I was doing my daily scan for stocks that were on the move, I stumbled upon AT&T Inc. (NYSE:T) stock, and I was quite surprised.

AT&T stock contains certain characteristic that I look for in a potential investment. These characteristics are used to generate an investment view that is either bullish or bearish, indicating my belief that the stock price will either appreciate or depreciate. After studying the price chart, I have come to the conclusion that the bullish trend in T stock is intact and that higher stock prices are likely.


Technical Breakout

Using a price chart to generate an investment view is within the context of technical analysis. This method of investment analysis is based on the notion that historical price and volume data can be used to discern trends and forecast future stock prices. I have been using this method for nearly two decades and I have had great success in applying it to my trading strategies.

A bearish cross was generated in 1999, 2008, and 2013, indicating that bearish momentum was propelling T stock and, as a result, the path of least resistance was geared toward lower prices. This indicator smartly confirmed the notion that lower prices were set to prevail, and it would have proven wise to avoid this investment when a bearish cross was engaged.

This same indicator produced a bullish cross in 2003, 2009, and 2015, indicating that bullish momentum is propelling AT&T stock and that, as a result, the path of least resistance was geared toward higher prices. This indicator proved once again that, when a bullish cross is engaged, higher prices will prevail. The indicator also implied that being long on the stock is the best course of action.

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GBPUSD British Pound Once again at Brink

GBPUSD British Pound Once again at Brink


  • British Pound  At 09:40 GMT, the pair is trading at 1.3240, with the Pound trading 0.77% higher against US Dollar from the New York close,
  • after UK’s seasonally adjusted Markit manufacturing PMI expanded in August. The pair witnessed a high of 1.3265 and a low of 1.3124 during the session. Yesterday, the Pound traded 0.4% higher against the US Dollar in the New York session and ended at 1.3139.
  • Immediate downside, the first support level is seen at 1.3120, while on the upside, the first resistance level is situated at 1.3312.

GBP in the Driver’s Seat Today

GBPUSD British Pound Once again at Brink

GRetail FX traders are once again net-short the British Pound versus the US Dollar, and a contrarian view of ‘crowd’ sentiment points to further British Pound strength. We’re admittedly left in somewhat of a difficult position; the recent shift is not enough to completely change our longer-term bearish bias. Yet a rally above key resistance at $1.3357 would act as confirmation of a bigger trend turnaround.

It was just a week ago we made much the same claim and yet the GBP turned lower, and we can’t rule out a similar fake-out this time around. We would ideally see a more sustained break higher and consistent retail FX crowd selling in order to call for a true GBP/USD trend change.

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Manufacturing activity in the U.K. surprisingly jumped back into expansionary territory in August from what had been its worst level since early 2013 in the prior month, industry data showed on Thursday.

In a report, market research group Markit said that its U.K. manufacturing PMI rose to a seasonally adjusted 53.3 last month from a reading of 48.2 in July.

That was a 10-month high and the month-on-month increase in the level of the headline PMI (5.0 points) was the joint-greatest in the near 25-year survey history.

Analysts had expected the index to rise to only 49.0 in August.

On the index, a reading above 50.0 indicates industry expansion, below indicates contraction.

Markit indicated that the data showed solid rebounds in the trends in U.K. manufacturing output and incoming new orders, while a weaker pound drove up export orders and input costs.



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