Verizon Communications Inc. (NYSE:VZ) Parterns With Lady Gaga

Verizon Communications Inc. (NYSE:VZ) Parterns With Lady Gaga

Verizon Communications Inc. (NYSE:VZ) Parterns With Lady Gaga

  • Verizon will use Lady Gaga as the centerpiece of its new rewards program, offering wireless customers a chance for free tickets to the iconoclastic rock star’s U.S. concert tour.
  • The tickets, and an even smaller number of backstage passes, will be offered starting this week via the carrier’s new rewards program app, called Verizon Up, which seeks to simplify giving benefits to participants and focus the very best offers on Verizon’s best customers. At the shows, Verizon customers will even have their own special seating section.
  • Only a limited number of tickets will be given away, and participants will have to compete against each other for them at designated times in the rewards app.

Verizon Communications Inc. is a holding company. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its segments include Wireless and Wireline. The Wireless segment offers communications products and services, including wireless voice and data services and equipment sales, to consumer, business and government customers across the United States. The Wireline segment offers voice, data and video communications products and services, such as broadband video, data center and cloud services, security and managed network services, and local and long distance voice services. The Company has combined Yahoo! Inc.’s operating assets with its existing AOL Inc. business to create a new subsidiary, Oath Inc., owns a diverse house of more than 50 media and technology brands. The Oath portfolio includes HuffPost, Yahoo Sports, AOL.com, MAKERS, Tumblr, Yahoo Finance and Yahoo Mail.

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 46.58.

The projected upper bound is: 50.82.

The projected lower bound is: 47.05.

The projected closing price is: 48.93.

VERIZON COMMS closed down -0.050 at 48.860. Volume was 34% below average (neutral) and Bollinger Bands were 182% wider than normal.

Open         High          Low            Close         Volume
48.790      48.960      48.680      48.860      10,448,725

Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period        50-period       200-period
Close:                       47.60               45.64               48.35
Volatility:                42                     26                    21
Volume:                  21,953,196      15,343,137      15,587,883

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

VERIZON COMMS is currently 1.1% above its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into VZ (mildly bullish). Our trend forecasting oscillators are currently bullish on VZ and have had this outlook for the last 7 periods. Our momentum oscillator is currently indicating that VZ is currently in an overbought condition.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 60.7199. This is not an overbought or oversold reading. The last signal was a sell 2 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 72.01. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 3 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 75. This is not a topping or bottoming area. The last signal was a sell 2 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 13 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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