AT&T’s stock price (T) fell in the intraday levels, while gathering positive momentum to rise anew, as it leaned on the support of the 50-day SMA, while venting off overbought saturation in the RSI, with the dominance of the upward correctional trend in the short term.

Therefore we expect the stock to return higher, targeting the pivotal resistance of $18.16, provided the support of $16.15 holds on.

Trend forecast: Likely Bullish