AT&T Inc. (NYSE:T) shares are flat on Monday. But there is a chance that they are about to head higher.
The shares are oversold and at support, and these can be bullish dynamics. This is why AT&T is the Stock of the Day.
• Where are T shares going today?
If a stock is trending lower, the market is out of equilibrium. There is more supply, or shares for sale, than there is demand or shares to be bought. Traders and investors who wish to sell are forced to undercut each other to draw buyers into the market.
This forces the shares into a downtrend.
