Verizon Communications Inc. (NYSE:VZ) HEFFX Highlights

Verizon Communications Inc. (NYSE:VZ) HEFFX Highlights

Verizon Communications Inc. (NYSE:VZ) HEFFX Highlights

  • Verizon has decided to abruptly cut off wireless internet to some 8,500 rural customers in 13 states, saying their heavy data use had made it impossible to profit off of the accounts—even though many of the users had purchased unlimited plans.
  • “Approximately 8,500 customers—using a variety of plans—were notified this month that we would no longer be their service provider after October 17th, 2017,” Verizon corporate communications director Kelly Crummey told BGR.
  • “These customers live in 13 states (Alaska, Idaho, Iowa, Indiana, Kentucky, Maine, Michigan, Missouri, Montana, North Carolina, Oklahoma, Utah and Wisconsin) and in areas outside of where Verizon operates our own network.”
  • Letters Verizon is sending to the affected customers are blunt, to say the least.

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 stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 49.73.

The projected lower bound is: 46.16.

The projected closing price is: 47.95.

VERIZON COMMS closed up 0.680 at 47.860. Volume was 74% above average (neutral) and Bollinger Bands were 16% narrower than normal.

Open           High         Low            Close         Volume
47.420      47.900      47.055      47.860      24,626,478

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish

Moving Averages: 10-period          50-period      200-period
Close:                       46.99                46.75               48.30
Volatility:                18                      25                     20
Volume:                   13,773,972      14,246,713      14,953,141

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 0.9% below its 200-period moving average and is in an downward trend. Volatility is Our volume indicators reflect volume flowing into and out of VZ at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on VZ and have had this outlook for the last 8 periods.

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 91.1708. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 3 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 55.71. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 27 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 22. This is not a topping or bottoming area. The last signal was a buy 3 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 sell 23 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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