Published On: Fri, Mar 17th, 2017

Verizon Communications Inc. (VZ/NYSE/S&P500)


Industry: Telecommunication services

Current trend

The Verizon is actively implementing the diversification of the business portfolio strategy. In the wireless network segment the company aggressively expanding the fiber optic network direction and plans to commit the 5G technology by 2018. In the Digital media segment the company is becoming one of the leaders in the highly profitable online commercials business.

The Verizon signed the long term agreement on the cooperation with the media giant CBS Corp. The Agreement lets the retranslation of the TV-content of the CBS Corp. via FiOS TV companies of Verizon throughout the country. The financial part of the agreement is not disclosed.

During the last week the Verizon stocks grew by 1.54% against the growth of the S&P 500 index by 0.33%.

The comparative analysis between the indicators of the company and its competitors suggest the neutrality of its share prices.

Key levels

From the beginning of the week the «bullish» moods prevail. During the period the price grew by more than 1.5%. The key support and resistance levels are 49.90 and 50.25 correspondingly. The technical picture is mixed. The growth of the stocks can continue, as the classical technical analysis figure «triangle» confirms it. Find entering points to open long positions.

Support levels: 49.90, 49.60.

Resistance levels: 50.25.

Trading scenario

If the price is set above отметки 50.10, buy the stocks. Stop loss is at 49.85. Fix the potential profit partially at the levels of 50.35, 50.60 and 50.75.

Forex Analysis

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