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 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
- Verizon readies for 2024 wildfire season • GlobeNewswire Inc. • 04/24/2024 08:00:00 PM
- Verizon readies for 2024 wildfire season • GlobeNewswire Inc. • 04/24/2024 08:00:00 PM
- Verizon readies for 2024 wildfire season • GlobeNewswire Inc. • 04/24/2024 08:00:00 PM
- Verizon readies for 2024 wildfire season • GlobeNewswire Inc. • 04/24/2024 08:00:00 PM
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- Verizon readies for 2024 wildfire season • GlobeNewswire Inc. • 04/24/2024 03:00:00 PM
- Verizon readies for 2024 wildfire season • GlobeNewswire Inc. • 04/24/2024 03:00:00 PM
- Verizon readies for 2024 wildfire season • GlobeNewswire Inc. • 04/24/2024 03:00:00 PM
- Verizon readies for 2024 wildfire season • GlobeNewswire Inc. • 04/24/2024 03:00:00 PM
- Stocks Close On Firm Note For 2nd Straight Day On Earnings Hopes • IH Market News • 04/23/2024 09:00:38 PM
- Detroit Lions Choose Verizon as their Official 5G Network • GlobeNewswire Inc. • 04/23/2024 05:00:00 PM
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- Verizon to report earnings April 22, 2024 • GlobeNewswire Inc. • 04/18/2024 06:00:00 PM
- Verizon stands ready to respond during severe weather season and beyond • GlobeNewswire Inc. • 04/17/2024 01:00:00 PM
- Verizon Connect launches Verizon-designed Equipment Asset Tracker in Europe • GlobeNewswire Inc. • 04/16/2024 03:30:00 PM
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