AT&T Faces Resistance

AT&T Inc (NYSE: T ) shares are trading flat Monday afternoon as investors continue to weigh California regulatory resistance to the company’s copper-network retirement plans. 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. 28%, and only 5 of 11 sectors are advancing. 54%.

78% over the past 12 months and trading below every major moving average. 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.

89) — The stock’s trend has lagged, which fits with price staying below key moving averages. 5) — The fundamentals screen as middle-of-the-pack, suggesting stability but not a clear quality tailwind. 55) — Valuation looks reasonable, but the score implies it’s not an extreme bargain on this model. 47) — The model is flagging better growth characteristics than many peers, which can help support the stock on weak tape.

The Verdict: AT&T’s Benzinga Edge signal reveals a growth-tilted profile with very weak momentum, meaning the chart still has to prove itself even if the valuation looks supportive. For longer-term investors, the setup improves most if price can rebuild above the low-to-mid $20s and start reclaiming the $26 area where trend resistance clusters. 22 at the time of publication on Monday, Read Also: Fed Rate Hikes Are Coming, Bank Of America Warns In Shocking Hawkish Call Image: Courtesy of AT&T