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VERIZON COMMUNVERIZON COMMUNVERIZON COMMUN

VERIZON COMMUN

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BAC trade ideas

VZ looks ready for another down leg Telecoms caught some weakness after earnings release. $51.50 was important resistance above which buyers failed to hold eventhough company released numbers higher than expectations. Now, we have tight consolidation near lows with resistance at $49.15. Break below consolidation support $48.50 will trigger Short entry and will open doors to $46 major support. If market will enter into correction mode (complicated geopolitical situation combined with potential rate hike) that will add arguments to this idea. Risk/Reward 1:4 make this idea attractive with high-winning rate.
NYSE:VZShort
by andrew.berg
Verizon: Potential Bullish Resumption - UpdateBullish breakout above multiple key resistance levels, and that comes in the context of retesting a major long term support level at around 45, check the related link for the overall view. Near Term target at 51.20 resistance, followed by the latest major swing high at 54.25. A longer term target mentioned in my earlier analysis at 60.00 areas. Only a break below 45 will threaten for a serious reversal. Good Luck, Join me at twitter.com
NYSE:VZLong
by Technician
Verizon: Potential Bullish ResumptionShares have been pushing lower within the recent months, however the pullback remains a technical retest to the broken main resistance around 45.50-46.00 areas. -The latest retest last week was also re-bought, with huge volume levels. -The price forms another pin bar at the to-year moving average. The odds in favor of a rebound in Verizon, probably for a long term opportunity, targets start at 54.25-recent swing high. - A break below 45.00 will probably signal strong downside. twitter.com thefxchannel.com
NYSE:VZLong
by Technician