AT&T Inc (T) – Telecom Giant Resurrected – June 9th, 2020

The bullish DailyPlay for Tuesday, June 9th is AT&T Inc (T). T has rallied 13.8% in the past month and 1M turned bullish on May 20th and 6M turned bullish on May 21st. T recently broke above its $32 resistance level last Friday with upside potential into the $36-37 resistance area. 

Fundamental View

  • Recently launched streaming service which is expected to attract 50 million US subscribers by 2025.  
  • Growing demand for wireless and strategic services post COVID
  • Earnings July 23rd (44 days)

Technical View

  • Recently broke above $32 resistance level
  • 1M trend turned recently turned bullish
  • Next major resistance level at $36
 

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