Check out the trading idea of the week below, by your friendly, neighbourhood market analyst!
Trading Idea of the Week
NYSE:T - AT&T Inc - (BULLISH - long term & BEARISH - short term)
- Key levels on the chart - consider taking trades from key support/resistance zones.
- Telecom giant AT&T Inc.’s (T) third-quarter results showed strong and sustained momentum in customer additions across its growing 5G wireless and fibre networks.
- The company beat the consensus EPS estimate by 10.4% and the revenue estimate by 0.6%.
- Moreover, T added a net of 708,000 postpaid phone customers in the quarter, its ninth consecutive quarter of postpaid customer gains.
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