NEW YORK – Shares of telecom giant AT&T Inc. (NYSE: T) ended a volatile trading session on a positive note Friday, closing at $28.08, a modest gain of 0.29% for the day. While the stock spent much of the afternoon under pressure, a significant rally in the final hour of trading suggests growing buyer confidence, setting a potentially optimistic tone for the market open on Monday.
The trading day for AT&T was a roller coaster. After opening flat at the previous close of $28.00, the stock rallied to a morning high of $28.18. However, momentum faded midday, with the price steadily declining to a session low of $27.90.
The key development for investors came in the late afternoon. In a strong reversal, buyers stepped in decisively, driving the stock from its lows all the way back into positive territory before the closing bell. This late-day buying pressure is often interpreted by technical analysts as a bullish signal, indicating that positive sentiment is strong heading into the next session. After-hours trading showed minimal movement, with the stock dipping a mere penny to $28.07, suggesting stability after the close.
Outlook for Monday: Market Poised to Go Up
Based on Friday’s closing action, the outlook for AT&T on Monday appears favorable. The ability to not only recover from the day’s low but also to close with a gain demonstrates significant resilience. This powerful finish suggests that momentum is on the side of the bulls.
Investors will be looking for this upward trend to continue at Monday’s open. Should the stock build on this late-session strength, it could quickly re-test and potentially break through Friday’s high of $28.18. While broader market conditions will play a role, the specific price action within AT&T stock points towards a higher open and a positive start to the new trading week.
