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Shares of AT&T continue to fall.  The stock is working on a 9th straight loss as it extends the drop from the summer highs to 18%.  Year to date T is off 31.4% versus a gain of 6.6% for the S&P 500 Index.  With earnings just around the corner(Thursday/AM) investors are showing very little interest in this laggard.

T is heading for its lowest weekly close in over a decade.  The last time the stock closed out a week below $27.00 was back on Aug. 27, 2010.  That being said, T put in two major lows just below $27.00.  The nasty December 2018 flush held this zone as well as the March 2020 plunge.  We’ll soon know if support here remains solid. 

AT&T Inc. (NYSE: T) was started as Peer Perform at Wolfe Research.

Current dividend yield=7.75%

We are long T in our Dividend Income Portfolio