AT&T: decline accelerates into week seven

AT&T is in its 7th week of a sell signal on US stocks. After a technical rebound week, the latest weekly candle closed down 8.3% with sell volume at 84%: the bearish front has regained momentum. On the daily chart, a double bottom is forming in the 24 area, with an intermediate 8% bounce — whether that level holds is the key technical question for the week ahead.