How About AT&T

Apparently, no one is benefiting from the Verizon iPhone announcements. AT&T (T) didn't go down as much as Verizon today, but they start from a worse position. Over the last few days they have gone below the 50 day MA and the 200 day MA is less than $1 away. 

They are are the first fib support. The next one actually matches the 200 day MA at $27. They are also at the bottom of a regression channel starting from the lows of July to today.

And technically, they are in a world of hurt - everything is negative. On the other hand, if $27 can prove to be support, it could make a nice entry point. 

Fundamentally, they are in good shape with a forward P/E of around 11 (cheaper than Verizon). The dividend is now around 6% (higher than Verizon). That should help stop the selling as many value investor should step in soon.

For what it is worth, MSN Scouter ranks AT&T as a 9 (Strong Buy) and Zacks ranks them as 3 (Hold).