T (AT&T) has potential as a bottoming play here as the stock has fallen to long-term support while oversold with potential (unconfirmed) positive divergence on both the daily & weekly time frames.

AT&T pays a fat dividend yield of about 6% to boot but I haven’t done any DD to see how secure it is. Even if the dividend were to be cut by 25-50% (which if so, is most likely already reflected in the 28% drop off the 2016 highs), it would still have an attractive dividend yield.

I’d like to see how the stock, as well as the broad market, trade next week before adding this as an official trade idea but wanted to pass it along in advance for those interested.