$T is Positioned Nicely to Run
T is breaking through resistance at $29.15 and entering a channel it’s kept most of the year. PTs of $29.69, $30.13 and $30.65. Today (12/3) Warner Bros. announced its 2021 movie distribution strategy which will consist of all 17 movies being in theaters and on HBO Max simultaneously. This should provide a nice spike in HBO Max subscriptions. Theater chain shares dropped double digits on the news.
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