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Market_Psychology
Aug 22, 2016 6:25 PM

Good place to long Long

Verizon Communications Inc.NYSE

Description

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.
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