Verizon Communications $VZ Technical Update – Stock Traders Daily

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Verizon Communications $VZ Technical Update

The Verizon Communications (NYSE: VZ) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for VZ, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Strong Neutral Neutral
P1 53.32 52.92 48.12
P2 53.99 54.91 52.70
P3 54.31 56.89 57.41

Long Term Trading Plans for VZ

October 3, 2018, 7:15 am ET

The Technical Summary and Trading Plans for VZ help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this VZ Report.

VZ – (Long) Support Plan

Buy over 52.70 target 57.41 stop loss @ 52.44.
The technical summary data tells us to buy VZ near 52.70 with an upside target of 57.41. This data also tells us to set a stop loss @ 52.44 to protect against excessive loss in case the stock begins to move against the trade. 52.70 is the first level of support below 53.84 , and by rule, any test of support is a buy signal. In this case, support 52.70 is being tested, a buy signal would exist.

VZ – (Short) Resistance Plan

Short under 57.41 target 52.70 stop loss @ 57.67
The technical summary data is suggesting a short of VZ as it gets near 57.41 with a downside target of 52.70. We should have a stop loss in place at 57.67 though. 57.41 is the first level of resistance above 53.84, and by rule, any test of resistance is a short signal. In this case, if resistance 57.41 is being tested, a short signal would exist.

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