AT&T Inc. (NYSE:T)

The stock hit a new high yesterday and continues to draw interest. I would keep a close eye on this stock going forward it may make for a great trade. As long as the stock stay above $34.58, the bullish scenario still intact. From a technical perspective, the chart shows very strong bullish sign. The stock is trading above both 50-day and 200-day moving average with both moving average pointing upwards. Additionally, the accumulation/distribution line still show the stock is on the positive swing. Today’s high was $36.43, which is resistance for the follow through move. If the stock can break through this level, expect to see heavy volume drive the stock higher.