VZ trade ideas
VZ Long on long term technicals Long VZ on two major technical support indications at ~52-52.50. On the daily chart dating back to mid 2013 the ~51.50 region acted as strong resistance. We now look to this region as possible support. This also coincides with an upward trending channel which has formed over the last year. Currently, VZ sits at the bottom of this channel at support in the ~52-52.50 range. I look for an entry here at 52.25 with a price target of 56.00 and a stop of 51.25. RR of 100/375. If you follow my 10000 USD base account recommendations I advise a 100 share long position.
Good place to long$VZ stock has declined a bit from its July high but the techinals are suggesting a turn around. Stock RSI is oversold and RSI is approaching the bottom range. A tight stop at previous support turned resistance (51.60) insures not much will be lost if this does not pan out. Add on to this $VZ provides a nice dividend(4.3%) and it could be worth holding if there is further consolidation before upswing.
VERIZONEVerizone is gone. May be some new highs coming in and that is why I kept the red line dotted. Once the top is in and uptrend is gone, guess what? Needs to fall. In few months though as it is monthly chart. The bottom red line may act as a guide in future but only time can say. Thanks.
techcrunch.com
Verizon on its way up to the AlltimeHigh?Verizon was traded in a very volatil sidewards-range between 2013 and 2016. The little selloff under the several times tested Support levelat 45,5$ formed a bullish H&S Pattern. This false Breakout was a very good basis for the break of the downtrend and the youngest rally to the big resistance Level at 54$. Verizon tested this niveau three times - and all good things come in threes!
Now several trading ideas appear:
- Anticyclical Long Position: Entry now (@ 38,2 fibo from the latest swing) with SL below the downtrends upper edge at 49$ or 47,5$ (sma 200) TP could be 54,5 (former High)
- Cyclical Long Position: Stoppbuy above the BIG Resistance Level ( 53,8-54,5), SL 52$ and TP 62$
-Short Position: Entry below the downtrends upper edge @ 48,5/SL 51,5 and TP 38,5
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VZ - try to get a better price for this long-term stock.VZ ( Verizon ) had this very boring sideways action on weekly charts - and in 2016 it broke higher. This stock could follow the market lower in any correction, but I am waiting for a good entry point for a BUY, as I see very good long-term prospects.
Dogs of the DOW - One Year EntranceThe current Dogs are: CVX, CAT, VZ, PFE, CSCO, IBM, BA, MRK, INTC, XOM. CVX is waiting. CAT IS A BUY. VZ is a buy. Take a look at each one of those names on a DAILY CHART. Set only ONE Exponential moving average on the chart. Just one. Nothing else. A 33 Exponential Moving Average, offset by 3. As soon as you get a Daily Close of any of those stocks, above that 33 Exponential moving average, buy the stock, and hold it for the year, up to February 24th, 2017. That's it, that's the entire strategy