AT&T Defies Gravity

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AT&T
T
shares are trading higher by $0.32 at $41.85 in Monday's session. While broad market has been under siege, the issue has rallied from Thursday's close ($40.73) to north of $42, when it reached $42.05. An uncertain market coupled low interest for the foreseeable future has investors flocking to the issue that sport a 4.58 percent dividend yield. In today's session, the issue bottomed at opeing tick of $41.29 and began to move higher. This marks the first time the issue has traded in the $42 handle since December 2007, when it peaked at $42.079.
Posted In: TechnicalsIntraday UpdateMoversTrading Ideas
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