• Error loading component: com_content, 1
  • Error loading component: com_content, 1
  • Error loading component: com_content, 1

New York, December 27th ( - Verizon Communications, Inc. (NYSE:VZ) closed the trading day at $43.45, near its 50 day and 200 day moving averages set at $43.83 and $42.84 respectively. Verizon's price action placed the stock above the 200 day moving average but below its 50 day moving average, a setup that signals a possible break out.

Verizon Communications Inc. (NYSE:VZ) is an integrated telecommunications company that provides wire line voice and data services, wireless services, Internet services, and published directory information. The Company also provides network services for the federal government. Verizon is the owner of the largest wireless network, with more subscribers in the U.S. Verizon was founded in 1983 and is based in New York, New York.

Verizon seems to be setting up for a tight range between the 200 day moving average as support and the 50 day moving average serving as resistance.

A tiered approach, appears to be the best strategy to maximize possible movements in the stock, as traders could establish a small position in Verizon and wait for the stock to break out above its 50 day moving average at $43.83. Then they could add to the position as momentum builds with the breakout. On the flip side, if support being referenced at the 200 day moving average set at $42.84 breaks, it could signal further downside pressure for Verizon.

TradersHuddle Search

Stock Search:

Site Search:


Recent Trading Ideas

Latest Partner Headlines

Stock Market

o Dow Jones 17,735.99 ▼62.50 (-0.35%)
o S&P 500 2,082.84 ▼7.27 (-0.35%)
o NASDAQ 5,105.57 ▼21.96 (-0.43%)

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,735.99 Trade time:12:00PM EST Value change:▼62.50 (-0.35%)

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,082.84 Trade time:12:00PM EST Value change:▼7.27 (-0.35%)


Company ID [INDEXNASDAQ:.IXIC] Last trade:5,105.57 Trade time:11:59AM EST Value change:▼21.96 (-0.43%)
Copyright © 2013 All Rights Reserved.