Wednesday, May 01, 2019 12:16:38 PM
Taking a deeper look at the Verizon Communications Inc (NYSE:VZ) stock from a technical, chart performance standpoint, it indicates that the stock will be range bound throughout 2019 with one opportunity for a great buy level. As seen on the chart, the high end of the of the stocks trading range has been near the $61.00 price level. While the low end of the range is near the $52.00 level. This range is the main factor anyone considering taking a position in the stock should be focused on. Recently, the company reported earnings and raised their FY 19 EPS guidance to low single digit growth outlook. As a stock trader with well over 2 decades of experience in dealing with these scenarios, and many alike, this tells me that the stock is not poised to take off higher anytime soon. The weekly and monthly chart trends are still up, so any major sell off should lead to a buying opportunity in the stock - however, the upside expected on the trade would be limited to the upper price range as noted previously. When considering the best way to make money from VZ stock in 2019, unfortunately, there is really nothing to get overly excited about right now.
While everyone continues to talk about the roll out of 5-G, this still appears to be somewhat down the road. Also, other fundamental drivers such as the acquisitions of AOL and Yahoo! Inc do not seem to be major stock price movers for the company in the near term, and I'm not sure they ever will be.
ALL YOU NEED TO KNOW: The one thing to watch closely is the lower range of the stock. Should the stock break lower through the $52.00 price point and test the $48.00 area, I believe that would be a screaming buy level. After all, while the performance of the stock may be on the range bound/dull side, the company is still the number one mobile provider in the United States and its long term performance should lean to the upward direction. The one thing we need to do as smart investors is locate the best time/price to buy and I will be patiently waiting to enter at a breach of the lower price point of the range.
Nick Santiago
InTheMoneyStocks
Recent VZ News
- Verizon Business takes home top honors for its NHL broadcasting innovation at IBC2024 • GlobeNewswire Inc. • 09/19/2024 01:00:00 PM
- Verizon Business partners with Monumental Sports & Entertainment to maintain its best-in-class, tech-forward leadership at Capital One Arena • GlobeNewswire Inc. • 09/17/2024 06:00:00 PM
- Verizon transforms student learning this school year: new innovation labs, STEM workshops and AR app • GlobeNewswire Inc. • 09/17/2024 01:00:00 PM
- Grain Management Welcomes Steven Smith as a Managing Director • PR Newswire (US) • 09/17/2024 12:30:00 PM
- Verizon Frontline survey: Network reliability, 5G, cybersecurity, top of mind for first responders • GlobeNewswire Inc. • 09/17/2024 12:00:00 PM
- Form 424B2 - Prospectus [Rule 424(b)(2)] • Edgar (US Regulatory) • 09/16/2024 07:41:01 PM
- Form 424B2 - Prospectus [Rule 424(b)(2)] • Edgar (US Regulatory) • 09/16/2024 06:49:04 PM
- Verizon donates $25,000 to support wildfire relief efforts in Southern California • GlobeNewswire Inc. • 09/16/2024 03:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 12:02:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 12:02:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 12:01:47 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 12:01:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 12:01:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 12:00:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 12:00:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 12:00:03 PM
- Verizon Business’ award-winning Innovation Sessions head back to the nation’s capital • GlobeNewswire Inc. • 09/13/2024 05:00:00 PM
- Verizon expands 4G, 5G coverage in Savannah, GA • GlobeNewswire Inc. • 09/13/2024 01:00:00 PM
- OpenAI Unveils Strawberry AI Model Series; Boeing Stock Falls 4% Amid Strike; HR Surges 20% on Growth Forecast • IH Market News • 09/13/2024 10:12:55 AM
- Verizon Frontline, Milwaukee PD partner to help ensure public safety during major political event • GlobeNewswire Inc. • 09/12/2024 04:00:00 PM
- Verizon Frontline supports public safety agencies during national political convention • GlobeNewswire Inc. • 09/12/2024 04:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/12/2024 02:00:32 PM
- Verizon Business to showcase 5G’s role in transforming content creation and distribution at IBC2024 • GlobeNewswire Inc. • 09/12/2024 01:00:00 PM
- Form 424B2 - Prospectus [Rule 424(b)(2)] • Edgar (US Regulatory) • 09/10/2024 07:02:37 PM
- Verizon Frontline strengthens its First Responder Advisory Council with newest member • GlobeNewswire Inc. • 09/10/2024 01:00:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM