Verizon is frequently viewed to be a classic defensive asset. It owns the largest wireless network in the US, pays a high dividend yield of 4.4%, and its stock trades at a ratio of 11 to forward earnings. The company has also raised its dividend every year for 14 consecutive years.
Our Analysis:
While the price is above 56.00, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 56.91
- Take Profit 1: 59.80
- Take Profit 2: 60.50
Alternative scenario:
If the level 56.00 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 56.00
- Take Profit 1: 54.90
- Take Profit 2: 54.30
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