dorfmanmaster
Long

VZ with Mixed Fundamentals and Weak Technicals

NYSE:VZ   VERIZON COMMUNICATIONS
Fundamentals:
Verizon reported earnings for Q1:

  • EPS for 2018-Q1: 1.17
  • Estimated EPS before earnings: 1.17
  • Actual EPS: 1.20 a
  • Surprise: + 2.56%

Revenue stayed at 32.1B, barely missing consensus.

Technicals:

  • RSI(14) @40.5, reaching lower lows (specifically on the following dates: 2-apr,9-apr,17-apr,23-apr)
  • SRSI(14) @0
  • MACs @.26 > MACD @.01
  • CCI(10) @-200

Resistance level: 60.8
Support level: 53


I would be very cautious trading this. Wait until CCI (10) reaches -100, and RSI above 56 to go LONG.








Comment: Coming to a big resistance @55.5.
CCI @-168
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