AT&T Jumps 5% as Bounce From Lows Gains Traction
$AT&T Inc(T)$
AT&T (T) Soars +4.65%: Telecom Giant Rebounds from 52-Week Low, Momentum Builds
Latest Close Data
Closed at $24.07, surging +4.65% on 1/28/2026. This strong bounce comes just 2.2% above its recent 52-week low of $22.95.
Core Market Drivers
The stock found strong support after a recent sell-off to yearly lows. Sustained high short interest (20.1% short volume ratio on 1/27) may have contributed to today's squeeze. The attractive ~4.62% dividend yield continues to provide a floor for value investors.
Technical Analysis
Volume surged to 84.1M shares (Volume Ratio 1.88), confirming the bullish move. The 6-day RSI rocketed from oversold levels (20.74) to 62.76, indicating a powerful shift in momentum. MACD (12,26,9) turned positive (+0.056), generating its first bullish crossover signal in weeks.
Key Price Levels
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Primary Support: $22.95 (52-week low, critical floor).
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Strong Resistance: $24.81 (recent swing high from 1/27).
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Immediate Pivot: $24.07 (today's close). A break above $24.81 opens path to $25.50.
Valuation Perspective
TTM P/E of 7.82 and Forward P/E of 10.39 remain deeply discounted compared to the S&P 500 average (~20x), highlighting significant value.
Analyst Targets
26 analysts have an average price target of $28.66 (+19% upside). Sentiment is bullish with 7 Strong Buys, 9 Buys, 10 Holds, and 2 Underperforms.
Weekly Outlook
Expect consolidation between $23.50 - $24.80 as bulls test resistance. A confirmed break above $24.81 could propel price toward the $26.00 zone. Failure to hold $23.50 may see a retest of $22.95 support.
Risk Disclaimer
This analysis is for informational purposes only and not financial advice. Past performance is not indicative of future results. Investing involves risk, including potential loss of principal. Conduct your own research before making any investment decisions.
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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
