VZ trade ideas
VZ with Mixed Fundamentals and Weak TechnicalsFundamentals:
Verizon reported earnings for Q1:
EPS for 2018-Q1: 1.17
Estimated EPS before earnings: 1.17
Actual EPS: 1.20 a
Surprise: + 2.56%
Revenue stayed at 32.1B, barely missing consensus.
Technicals:
RSI(14) @40.5, reaching lower lows (specifically on the following dates: 2-apr,9-apr,17-apr,23-apr)
SRSI(14) @0
MACs @.26 > MACD @.01
CCI(10) @-200
Resistance level: 60.8
Support level: 53
I would be very cautious trading this. Wait until CCI(10) reaches -100, and RSI above 56 to go LONG.
$VZ 5G will be a a money spinner for Verizon. Difficult to call Verizon on earnings, most probably it will be a beat on earnings and revenue, but will it satisfy investors and analysts. The future is very bright for VZ with the roll-out of 5G networks so if you hold the stock its a keeper with the added incentive of a nice dividend. Short term, we think that the retrace may have a little more room to run so will sit and watch this play out.
SPX - LUV, AMZN, GOOGL, CVX, NOC, WMT, VZHowdy All,
Firstly, this is all 100% Opinion. Buying and selling is YOUR responsibility. This is for entertainment purposes only.
I will be covering stocks from different sectors of the market to check on overall health and see if the S&P 500 is a true indicator of what might be coming our way.
LUV - South West Airlines
AMZN - Amazon
GOOGL – Alphabet
CVX – Chevron
NOC – Northrop and Gruman
VZ – Verizon
WMT - Walmart
verizon may be fall untill 58.50 in 1h chart verizon had already check c level which mean s there might time to bear now anyway next 1 or 2 days it go to 58.50 which i suppose
VZ Short setuplong term short setups are always harder in stock market, because generally there is a bias for upside.
By the way, based in chart pattern, I am waiting for a short setup. IF price keep going to form my entry criteria, short setup will be executed.
$VZ Short is a HIGH probability $VZ Has created a horizontal pattern since December 2018 and is looking to have a major fall within the next 1 - 2 months. While only risking 1.5% the potential profit until the next support line is 4%. Falling to the second support line would be 8.5% profit. The last and final support line until a major break of pattern would be 12.5% potential for profit. Definitely something to keep an eye on.
VZ: Defied Dow sell-off Friday with pre-earnings runVZ was one of the 4 Dow 30 components that defied the huge DJIA sell-off on Friday.
The communications company is riding higher on 5G technology coming to market and has a pre-earnings run underway, which means the stock is on the radar of the pro traders.
Verizon Comm. (VZ)For the full year (2018) the company reported earnings of 4.71 dollars per share. That is a 26.0% advance year over year. We belive that for the present year (2019) the outlook is not quite rosy, with an earning per share of 4.60 dollars.
Total debt: 113 bilions
Total profit: 18.8 bilions
Short Verizon in mid-late FebruaryBased on a multi-month descending triangle formation and a big earnings miss, I'm looking to short Verizon at around $56. The short term has a good bullish candle at the end of last week after bouncing off a long standing horizontal support, but I expect it to bounce again when it hits the descending trend line at both price and RSI. Stop loss would be around $58 in case is does break to the upside. Take profit is $50, a 1:3 risk:reward ratio.
Going longon VerizonOpening 2 buy orders on Verizon, the first with a 1:1 R:R, the second up to 1:4.5
Risking 0.5% of capital each
SL under minimum of 52.40
Reasons:
- Doji formation
- GAP to close
- Touching MA200 on daily chart
Verizon Wireless is Top Dog in performance in USAadd this to my book of contrary trading ideas! Verizon Wireless is excellent buy here, i see this stock trading $63 mid march 2019
performance coverage matter
Verizon should have a strong market openHere is another strong buy for the market open. For information on the Megalodon indicator, send me a message!
VERIZON: BOUNCE FOR ONE MORE WAVE DOWN?VERIZON seems in the middle of a strong wave down. I'm expecting a low degree wave up before the next impulsive wave down.
VZ bouncing off $55 mark$55 mark worked as resistance during the fast years, it might switch over to support if the price crosses below $57. After that, it will most likely cross above that $57 mark.
The green curve matches pretty well with the price movement and might play a role in trying to keep the price above $57. I believe this is unlikely because, at this point, the curve is pretty steep.
The next earnings call on 29 January 2019 will probably decide whether the price crosses these lines, just like the one on 23 October 2018 pushed the price above $55 resistance level.
I have placed a buy order around $55 since I can get out if it goes to $54.60. I have not yet predicted a good profit level though.
