Read up on Rogers Communications Inc., AT&T, T-Mobile as they approach key price targets in the near term.
What is happening with the market now? The leading indices are falling — Nasdaq drawing back 0.75% to 11,238. S&P 500 trades at 3,984.73 after losing 0.21%.
What is a Price Target?
A price target is the projection of an asset's future price. Support and resistance lines are important components of technical analysis used in predicting a price target because they prevent an asset from being pushed beyond a certain limit. When an asset drops in value it nears its support line, and when it increases in value it comes closer to its resistance line. Assets that are on a trend and are approaching one of their lines are selected for this article. Take a look at these communication services stocks and their price targets.
Buyers pushing Rogers Communication towards its price target of $44.26; currently at $43.95
Rogers Communications Inc.'s run now faces a challenge at $44.26, which is only 31 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Rogers Communication continues a 7 day uptrend, gaining a total of 6.31%. as the session continues, it seems to maintain one direction — Rogers Communication trades at $43.95 today, after closing Friday at $43.32 and gaining 63 cents (1.45%).
Buyers pushing AT&T towards its price target of $19.19; currently at $19.31
AT&T's recent run now faces a major challenge as concentrated supply is likely found at $19.19 with price action currently 12 cents away.
AT&T is on a 7 day bullish run gaining 88 cents (6.27%). heading in the same direction for now — after ending Friday at $19.05, AT&T is currently trading at $19.31.
Buyers pushing AT&T towards its price target of $19.19; currently at $19.31
AT&T's recent run now faces a major challenge as concentrated supply is likely found at $19.19 with price action currently 12 cents away.
AT&T is on a 7 day bullish run gaining 88 cents (6.27%). heading in the same direction for now — after ending Friday at $19.05, AT&T is currently trading at $19.31.