Presario1978
Panjang

Not very sure about Verizon

NYSE:VZ   VERIZON COMMUNICATIONS INC. COMMON STOCK
Touching SMA200 now, looking for support. If support holds, a trend channel has successfully been formed.

RSI making higher lows.
Positive MACD crossover
Price breakout from a negative formation around 49, but fell a little afterwards.

Waiting to get confirmation that SMA200 holds and trend channel is formed. Setting an alert at close price above 50. If price cross 50, I get in.

From https://www.marketwatch.com/investing/stock/vz/analystestimates:

Average Target Price: 55.50

Analysts Recommendations
BUY 7
OVERWEIGHT 0
HOLD 25
UNDERWEIGHT 0
SELL 0
Great analysis, thanks! I can't see it going breaking support given the fundamental positive news items since the recent 2017 lows. Since then tax reform passed, net neutrality passed, 5G is technology progressing. I'm BULLISH on VZ.
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