Verizon is building bullish momentum, with a gap forming around the $41.00 level. A breakout above $44.00 would signal continued strength, positioning the stock to target the $48.84 monthly resistance. This setup offers an attractive risk-to-reward ratio, with a stop-loss set at $40.26 to manage downside risk.
As a leader in telecommunications, Verizon stands to benefit from its ongoing investments in 5G infrastructure and its solid position in the mobile and broadband markets. With a steady revenue stream and strong dividend yield, the company offers both growth potential and long-term value, appealing to investors seeking a reliable defensive play in uncertain markets.
This combination of technical momentum and strong market fundamentals supports a bullish push toward $48.84, presenting a solid opportunity for traders and investors alike.
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