Bobby Banana
02-16 03:23

$Verizon(VZ)$ finally see some positive movements! This is one of the companies that will always do well during market turbulence! 

# Winning Trades

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  • Tiger_CashBoostAccount
    ·02-16 19:59
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    $Verizon(VZ)$ The stock is consolidating after a powerful January rally, driven by a stellar Q4 earnings report that exceeded revenue expectations and showed the highest wireless user growth in six years. Key bullish catalysts include a newly approved $25B share buyback program and an accelerated dividend increase plan. However, near-term sentiment is tempered by ongoing concerns over customer churn and potential regulatory headwinds from new FCC device unlocking rules.Covered by 23 analysts with an average price target of $49.84 (~1.7% upside). Sentiment is cautiously optimistic with a Hold consensus (3 Strong Buy, 7 Buy, 16 Hold, 1 Underperform). 🎯 Key Price Levels
    • Primary Support: $40.80 (Recent swing low, a critical floor).
    • Strong Resistance: $49.10 / $50.24 (Immediate resistance & the 52-week high).
    • Immediate Pivot: $49.00 (Current consolidation zone; a close above is needed for the next leg up).
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