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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 it moves up or down from here, I do believe the stock is undervalued with long term upside potential.

  • Forward PE is a very favorable 12.48
  • 59% gross margin
  • 68% dividend yield
  • Yahoo acquisition drama has likely subsided and offers platform growth beyond Verizon’s traditional wireless

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