Even blue-chip stocks can look shaky from time to time.
Three prime examples right now: Hewlett-Packard (NYSE:HPQ), Procter & Gamble (NYSE:PG) and Pfizer (NYSE:PFE). Those Dow Jones Industrial Average components are sitting on dangerously thin technical support, and thus could be in risk of a quick slide if said support is broken. I recently discussed these three stocks and the areas to watch if you’d like to learn more about them.
However, another Dow component is sitting in a similar situation: AT&T (NYSE:T). The company suffered a big drop after earnings late last month and is also now on perilous footing, too. For my take on AT&T’s technical prospects, check out the video above.
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Serge Berger is the head trader and investment strategist for The Steady Trader. Sign up for his free weekly newsletter here.