Presario1978

Not very sure about Verizon

Long
NYSE:VZ   Verizon Communications Inc.
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 www.marketwatch.com/...vz/analystestimates:

Average Target Price: 55.50

Analysts Recommendations
BUY 7
OVERWEIGHT 0
HOLD 25
UNDERWEIGHT 0
SELL 0
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