AT&T shares gain for a third session in a row on Monday, CBS networks added to DirecTV Now offering

As agreed on by AT&T Inc (T) and CBS, the CBS networks are to be added to the DirecTV Now streaming service.

AT&T shares closed higher for a third consecutive trading session on Monday. The stock edged up 0.23% ($0.09) to $38.52, after touching an intraday high at $38.64, or a price level not seen since August 2nd ($38.99). In the week ended on August 6th the shares of the communication service provider lost 1.46% of their market value compared to a week ago, which marked the fifth drop in the past seven weeks. The stock has pared its loss to 1.23% so far during the current month, following a 3.37% surge in July. The latter has been the first gain in the past seven months, but yet, the smallest one since July 2016. For the entire past year, the shares of the NYSE-listed company gained 23.60%.

The offering encompasses CBS broadcast, or live local coverage in 25 stations initially, as well as the CW, Pop, Showtime and CBS Sports Network.

As reported by Seeking Alpha, CBS and the CW are to be featured on all of the DirecTV Now packages, while CBS Sports Network will be included on “Go Big”. Meanwhile, Pop will be added to the “Just Right” package.

According to CNN Money, the 21 analysts, offering 12-month forecasts regarding AT&T Inc’s stock price, have a median target of $41.00, with a high estimate of $48.00 and a low estimate of $23.00. The median estimate is a 6.44% surge compared to the closing price of $38.52 on August 7th.

The same media also reported that 18 out of 28 surveyed investment analysts had rated AT&T Inc’s stock as “Hold”, while 6 – as “Buy”. On the other hand, 1 analyst had recommended selling the stock.

Daily and Weekly Pivot Levels

With the help of the Camarilla calculation method, today’s levels of importance for the AT&T stock are presented as follows:

R1 – $38.54
R2 – $38.57
R3 (Range Resistance – Sell) – $38.59
R4 (Long Breakout) – $38.67
R5 (Breakout Target 1) – $38.76
R6 (Breakout Target 2) – $38.79

S1 – $38.50
S2 – $38.47
S3 (Range Support – Buy) – $38.45
S4 (Short Breakout) – $38.37
S5 (Breakout Target 1) – $38.28
S6 (Breakout Target 2) – $38.25

By using the traditional method of calculation, the weekly levels of importance for AT&T Inc (T) are presented as follows:

Central Pivot Point – $38.58
R1 – $39.12
R2 – $39.81
R3 – $40.35
R4 – $40.89

S1 – $37.89
S2 – $37.35
S3 – $36.66
S4 – $35.97