Verizon Is Gaining Momentum, Buy Here

The markets are off to a great start in 2017, but not every stock is participating in the rally. Despite a series of all-time highs from the major indices, telecommunications giant Verizon Communications (VZ) has fallen by 5.75% year-to-date. Verizon is facing tough competition from T-Mobile (TMUS) , which has gained market share via an aggressive pricing strategy.

While Verizon is off to a rough start in 2017, the stock is now showing positive signs for the first time in months. First, Verizon has closed higher for five consecutive sessions (circled). Second, four of those five sessions occurred on above-average volume (shaded yellow). Third, the stock kicked off those five sessions with a buy signal from its Moving Average Convergence Divergence indicator on Feb. 16 (arrow). It seems that Verizon has finally snapped out of its doldrums and found some buyers....307 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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