Verizon Communications Inc (VZ)

[ITMS]

Screaming Buy Price On $VZ Is Right Here...

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