Long AT&T, hold till end of 2018, target $54, with 5% dividend

AT&T seems to be in consolidation since mid 2012.

The recent 2 month rally broke the downward triangle upper bound. it may move down to retest the upper bound first before another rally. Anyway, current spot price of $38 is still a good price to buy since the dividend yield is a decent 5%!

A good retirement stock.