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Verizon Communications Inc. Message Board

  • vwdiesel10 vwdiesel10 Oct 12, 2012 10:36 AM Flag

    Technicals- 2 of 3 Bottoming Out On 6-month Chart

    Slow Stochastics nearly bottomed, Fast Stochastics skipping along the very bottom. RSI still hovering between 40 and 50, so that's the oddball here.

    Last significant pullback on VZ, the Fast Stoch bottomed while RSI at 50, the stock popped off the Fast, then fell again by a good amount. The second move bottomed out all 3 indicators. The result? Upsurge for another $2-3 on top of the previous peak.

    Bottom Bollinger AND the 200 averages show $44. Significant down "whoosh" to $44 could/should bottom the RSI and will only solidify the bottoms on the Stochastics. This is selling of ahead of earnings release-- if earnings are bad, the stock already has it priced in. If earnings are good/better than expected and good forward guidance--- the stock is a coiled spring waiting for release.

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48.21+0.01(+0.02%)Oct 24 4:03 PMEDT