The following notes & charts outline a potential trade setup for T, AT&T Inc. Please login or sign-up to view this post.
In reviewing the trade ideas today, I had noticed that an update was not posted when the final target, T3, for the Growth & Income Trade on T (AT&T Inc.) was hit for a quick 9.3% profit on July 28th. This trade was a good example of using technical analysis to get in right around the lows & sell right around the highs of a quick counter-trend rally. Get in, get out & move on to the next one which is what swing trading is all about, similar to investing but in an accelerated mode. Daily charts in order as posted [...]
Potential trade ideas & developments to watch for this week in the stock market, select commodities, sectors, currencies. The video starts with coverage of the Euro, US Dollar & gold mining stocks, then stock market analysis via QQQ & SPY followed by some potential trade ideas on individual stocks & sector ETFs.
The T (AT&T Inc) Swing Trade + Growth & Income Trade has hit the second price target, T2 at 38.88, for a quick 7.3% profit. T2 was the final target for the Swing Trade while a third price target has been added at 39.59 for the Growth & Income Trade. With an attractive dividend yield of nearly 5½%, Growth & Income investors might also opt to simply raise stops to protect profits & let the position run. Regardless, T will now be removed from the Active Swing Trades category & removed as an active Growth & Income Trade if & when [...]
The T (AT&T Inc.) Active Swing Trade + Growth & Income Trade has hit the first target, 37.48, for a quick 3.5% profit. Today's earnings-induced gap & run has also triggered another buy signal with a breakout above the downtrend line + 37.60 resistance level, opening the door for a continued rally towards T2, should today's breakout hold into the close. Previous & updated daily charts:
Here are a few companies reporting earnings after the bell today that either have the potential to move the broad market tomorrow and/or might present a potential trading opportunity: AMD (Advance Micro Devices): One of the recent high-flying semiconductor & GPU manufacturers, currently poised to break above or below a triangle/consolidation pattern on the daily chart below. AMD daily July 25th X (US Steel): Parked at the bottom of a triple-gap resistance + downtrend line resistance. Any upside gap tomorrow would trigger a breakout above these intersecting resistance levels with the top of the most recent gap around 27.70 [...]
The following notes & chart outline the entry criterion, price targets, suggested stop & beta-adjusted position size for a swing trade as well as a growth & income trade in T, AT&T Inc.