Tag: Verizon
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VERIZON bought on 12dma consolidation
Today I purchased Verizon as it consolidates around its 12 day moving average (dma). For the past two months, Verizon has traded in a tighter than normal range, fluctuating between $48 – $51. What is more characteristic is for the price to sharply break up/down from its 12dma (see chart). While I can’t predict whether…