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5 Big Stocks to Trade for Gains


AT&T (T - Get Report), one of TheStreet Ratings' top-rated telecom stocks, is consolidating right now too. But unlike the case with Citigroup, AT&T's consolidation is coming after much more directional trading.

In that sort of a situation, a consolidation is more a reprieve to avoid becoming overbought than it is a battle between buyers and sellers. Buyers have been in clear control of AT&T's shares since the company announced its intentions to acquire T-Mobile at the end of March.

Traders should be watching out for a break above AT&T's current $32 resistance level. When that happens, a reasonable price target should be just under $33.
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C $54.21 0.00%
F $14.53 0.00%
MGM $22.77 0.00%
MSFT $53.93 0.00%
T $33.57 0.00%


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