Apollo_CB

VZ reclaiming key levels

Panjang
BATS:VZ   Verizon Communications Inc.
VZ has been on an uptrend since my entry around 31$, I use this position as an anchor to my long-term portfolio. If I can capture some multiple expansion while collecting the dividend I will be satisfied as this is a much higher yield than short-term treasuries and the margin of safety is high. VZ just retook a long term fib of .114 a few weeks ago and has been continuing to uptrend. The remains above the 20EMA and approaches the 50EMA on the weekly chart.

My long-term price target for this play is 52$ based on fundamental analysis and analyst projections. Value has gone out of favor and investors are finally turning back to it as the economy continues to remain uncertain. Entering tech stocks right now feels like a bubble, you have to be careful. I would rather invest in small cap tech with a large allocation to QQQ,VTSAX on a permanent DCA then enter mag 7 at these levels.

Penafian

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