Wednesday, April 12, 2017 11:34:16 AM
Two of the leading telecom stocks in the U.S. are Verizon Communications (NYSE:VZ) and AT&T Inc (NYSE:T). Recently, these two companies have been on the prowl for acquisitions. Verizon has bought AOL and Yahoo Inc (NASDAQ:YHOO) over the past year trying to boost its online presence. AT&T Inc has bought Direct TV and Straight Path Communication. Many analysts are expecting these two telecom giants to try and make other acquisitions in the near term future. This expectation should continue to keep the pressure on these two leading telecom stocks.
Traders and investors should take note that Verizon Communication stock will have very good chart support around the $46.25 level. This area that has been defended by the institutional money in January and November of 2016. This area seems to be the line in the sand for the stock and should be the next major level to buy the stock again.
The next major support level for AT&T stock will be around the $38.40 level. This is an area where the stock broke out in November 2016 and should serve as an important trade level again when tested.
Nicholas Santiago
InTheMoneyStocks
Recent VZ News
- Verizon to speak at MoffettNathanson conference May 14 • GlobeNewswire Inc. • 05/10/2024 06:00:00 PM
- Novavax Surges 57% Post $1.4 Billion Sanofi Deal; Apple Boosts Data Centers with AI and Internal Chips, and More News • IH Market News • 05/10/2024 12:02:56 PM
- Verizon Public Sector earns $100M contract with the State of Michigan • GlobeNewswire Inc. • 05/09/2024 04:00:00 PM
- Verizon reports preliminary results of shareholder vote at 2024 annual meeting • GlobeNewswire Inc. • 05/09/2024 03:56:43 PM
- Verizon advances Private Wireless Network offerings with private 5G platform from Nokia • GlobeNewswire Inc. • 05/09/2024 01:00:00 PM
- Verizon’s Small Business Digital Ready program reaches 300K businesses with free, online resources • GlobeNewswire Inc. • 05/08/2024 01:00:00 PM
- Verizon Business offers business customers pre-orders for the new Google Pixel 8a with Google AI • GlobeNewswire Inc. • 05/07/2024 04:01:00 PM
- Google AI meets bold style at an affordable price: Preorder the Pixel 8a on Verizon today • GlobeNewswire Inc. • 05/07/2024 03:55:00 PM
- Verizon to donate $70K, celebrate Latino community in Chicago • GlobeNewswire Inc. • 05/07/2024 02:00:00 PM
- Form 424B2 - Prospectus [Rule 424(b)(2)] • Edgar (US Regulatory) • 05/06/2024 07:19:02 PM
- Form 424B2 - Prospectus [Rule 424(b)(2)] • Edgar (US Regulatory) • 05/06/2024 05:56:00 PM
- Verizon Frontline and NOAA to partner on advanced disaster response research • GlobeNewswire Inc. • 05/06/2024 04:40:27 PM
- Cummins, Verizon Business ink groundbreaking deal for combo Neutral Host + Private 5G network • GlobeNewswire Inc. • 05/06/2024 01:30:00 PM
- Verizon Business to spotlight the fast-changing cybersecurity landscape and how to manage it at RSA Conference™ • GlobeNewswire Inc. • 05/03/2024 04:39:54 PM
- Verizon Is Ready To Keep You Connected Throughout The 2024 Hurricane Season • GlobeNewswire Inc. • 05/02/2024 12:00:00 PM
- 2024 Data Breach Investigations Report: Vulnerability exploitation boom threatens cybersecurity • GlobeNewswire Inc. • 05/01/2024 04:33:19 AM
- 2024 Data Breach Investigations Report: Half of the Breaches in EMEA are Internal • GlobeNewswire Inc. • 05/01/2024 04:01:00 AM
- Verizon donates $20,000 to the American Red Cross for disaster relief efforts in Oklahoma • GlobeNewswire Inc. • 04/30/2024 10:09:37 PM
- Verizon Business kicks off 2024 Innovation Sessions in Chicago’s historic Soldier Field • GlobeNewswire Inc. • 04/30/2024 04:30:00 PM
- Verizon partners with Latina-owned small business Hija de tu Madre for exclusive Mother’s Day merch • GlobeNewswire Inc. • 04/30/2024 04:00:00 PM
- Houston Dynamo Football Club and Verizon extend partnership agreement for 2024 season • GlobeNewswire Inc. • 04/30/2024 02:00:00 PM
- Verizon receives 2024 ENERGY STAR Award for 12th consecutive year • GlobeNewswire Inc. • 04/26/2024 01:00:00 PM
- Verizon to award $25K crisis-response grant to Maryland Tough Baltimore Strong Key Bridge Fund • GlobeNewswire Inc. • 04/26/2024 12:00:00 PM
- Verizon gives customers more peace of mind with enhanced Home Device Protection service • GlobeNewswire Inc. • 04/25/2024 01:00:00 PM
- Verizon readies for 2024 wildfire season • GlobeNewswire Inc. • 04/24/2024 08:30:00 PM
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Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM