Here’s Where This Telecom Stock Looks Attractive
InTheMoneyStocks.com | Mar 06, 2018 02:04PM ET
Verizon Communications (NYSE:VZ) provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. The stock peaked out on January 25, 2018 at $54.77 a share. Since that high pivot, the stock has fallen to $48.59.h3 Support To Watch/h3
Traders should note that the current share price is trading below its important 50-day moving average, which puts it in a weak technical chart position and potentially signals further downside near term. The next major support area for VZ is around $45. That's where the stock was defended in November 2017 and will likely find defense again when retested.
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