AT&T Results Fail To Connect With Buyers – Revenue Lower-Than Expected – Sellers Come Calling
AT&T Inc. has reported its second quarter financials in after-market hours yesterday (21/7). The telecommunications company published its quarterly earnings report which delivered on the expected earnings per share but missed its expected revenue number. The firm posted earnings of 72 cents per share, matching with FactSet consensus estimates. Yet, the revenue came in at $40.52 billion, falling short of the anticipated figure of $40.61 billion. On the H4 chart, the price is moving in a range between 42.32 and 42.88. RSI (14) slipped to the level of 48.1567, showing that a bearish trend is in the making.
Sell stop at 42.40,Take profit at 42.18, Stop loss at 42.51