AT&T Message Board - Msg: 7700884

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Technology Stocks : AT&T

T 24.66

-0.7%

12:13 PM EST

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To: djane who wrote (1911)	2/7/1999 3:30:00 AM
From: Chip Anderson	Read Replies (1) of 4298

Just updated my chart for AT&T on coolhistory.com To be honest, from a technical perspective T is looking very oversold right now. The MACD indicator is sky high and just starting to move lower, giving a short-term bearish signal. "On Balance Volume" which combines price and volume in one indicator also appears to be headed lower now. The final piece of bad news is that Friday's poor showing broke through a nice uptrend line that had been helping the stock since early December. Sorry to say it but, to me, things look kinda rocky for T for the near term. What does everyone else think? Disclosure: I am long-term long on T as part of a Dogs of the Dow portfolio. Chip coolhistory.com

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