Equity Oracle: 06/05/14


It’s been a couple of years since we last traded AT&T but today we are seeing a sign that tells us we should get back into this position. As you can see from the chart, above, the stock is showing a candle pattern today. On top of that, the stock is trading just above the 200-day moving average and near a key role reversal support level. We will be using this moving average in order to manage risk on this trade.

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