AT&T stock is gaining positive traction. Why are T shares climbing?
What Is Driving AT&T’s Copper Network Retirement?California regulators asked a court and the Federal Communications Commission to reject the company’s request to stop offering traditional copper-wire phone service to new customers in parts of the state. The California Public Utilities Commission argues the carrier-of-last-resort obligation is technology-neutral, but says AT&T hasn’t shown replacement options would meet state standards for all impacted users.With markets open, the tape is mixed: the Nasdaq is down 0.81% while the Dow Jones is up 0.28%, and only 5 of 11 sectors are advancing. That backdrop makes AT&T’s green print stand out, especially with Communication Services currently the worst-performing sector (11 of 11) at -2.54%.Critical Levels To Watch for AT&T StockAT&T is still in a longer-term downtrend despite today’s bounce, with the stock down 20.78% over the past 12 months and trading below every major moving average. Price is about 5.2% below the 20-day SMA ($23.57) and about 14.2% below the 200-day SMA ($26.04), which keeps rallies looking more like counter-trend moves unless the stock can reclaim those levels.Trend structure remains pressured: the 20-day SMA is below the 50-day SMA (bearish), and the death cross that formed in May (50-day falling below the 200-day) is still in effect. RSI and MACD values aren’t available in the current dataset, but the month-level turning points still frame the tape—there was a recent swing high in April followed by a swing low in June, aligning with the broader breakdown that occurred in June.
