Verizon Communications Inc. (NYSE:VZ) Rejects 3% Of Government Info Requests

Verizon Communications Inc. (NYSE:VZ) Rejects 3% Of Government Info Requests

Verizon Communications Inc. (NYSE:VZ) Rejects Government Info Requests

  • Verizon says the number of federal, state or local law enforcement requests for information has remained fairly stable compared to past half-year reports.
  • For the first half of 2017, according to the latest transparency report Verizon received a total of 138,773 such requests, which included warrants, subpoenas, warrants and emergency requests.
  • Almost all those were targeted to consumers rather than business customers, and covers Verizon wireline services–phone, Internet and television–and Verizon Wireless services and telematics.
  • It does not include AOL or Yahoo!, which will release their own, combined report.
  • Verizon said it rejected about 3% or about 4,000, requests as invalid, including because “a different type of legal process is needed for that type of info.”

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 trending.

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

By the way, prices are vulnerable to a correction towards 46.72.

The projected upper bound is: 50.71.

The projected lower bound is: 46.95.

The projected closing price is: 48.83.

VERIZON COMMS closed up 0.720 at 48.780. Volume was 30% below average (neutral) and Bollinger Bands were 131% wider than normal.

Open     High     Low     Close     Volume
48.170     48.800     48.150     48.780     11,064,636

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

Moving Averages: 10-period     50-period     200-period
Close:     48.52     45.85     48.35
Volatility:     16     26     21
Volume:     15,649,087     15,068,202     15,395,335

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% 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 12 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 44.3984. This is not an overbought or oversold reading. The last signal was a sell 7 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 67.42. 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 4 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 55. This is not a topping or bottoming area. The last signal was a sell 7 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 0 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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