11/18/17 - T - I am neutral on T at the moment
based on all time-frames, daily, weekly and monthly.
The previous highs of June 2016, Jan 2017 and
March 2017 were rejected just as they were in sep
and dec 07. Prices have retraced back into
the previous range of 31.70 - 36.30. from
April 2012 to Feb 2016. This is going to be a
key area to watch. I would expect some
sideways trading for a while. If that trading
range is broken the next area of support
is 27.50-23ish. Div & yield are 1.96(5.68%)
T has increased their dividend for 32 consecutive
years. "It also happens to have one of the highest
dividend yields in the entire S&P 500."
(www.dividend.com) Looks like we're
headed into a stage 4, accumulation.
based on all time-frames, daily, weekly and monthly.
The previous highs of June 2016, Jan 2017 and
March 2017 were rejected just as they were in sep
and dec 07. Prices have retraced back into
the previous range of 31.70 - 36.30. from
April 2012 to Feb 2016. This is going to be a
key area to watch. I would expect some
sideways trading for a while. If that trading
range is broken the next area of support
is 27.50-23ish. Div & yield are 1.96(5.68%)
T has increased their dividend for 32 consecutive
years. "It also happens to have one of the highest
dividend yields in the entire S&P 500."
(www.dividend.com) Looks like we're
headed into a stage 4, accumulation.