VERIZON COMMUNICATIONS
(VZ-NYSE):
Technical Viewpoint: From a low
of $33.80 on Dec 26, 2003 prices
rallied, reaching a
high of $37.87
on Jan 26, 2004. A
decline saw prices pull back, reaching a
low of
$36.20 on Jan 29, 2004.
Another rally saw prices penetrate
resistance, closing 2/17/04
at $39.20. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 5, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $36.30. Resistance: Is at $40.00.
Point & Figure: Reversed to the upside on Jan 9, 2004. A P&F upside
reversal takes place at $36.00. Summary: Technical indicators have turned bullish. BUY! VERIZON COMMUNICATIONS
(VZ-NYSE) @ $39.25 Stop: Use a protective stop of $37.25.
VERIZON COMMUNICATIONS is currently trading @ $39.20 plus $1.55 on Feb 17, 2004. Price Objective:
$55.00. Risk/Reward: $2.00 VS. $15.75. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$55.00
Risk/Reward:
$2.00 VS. $15.75
Risk/Reward Ratio:
8:1
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