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What Verizon’s Technical Levels Indicate

Andrew Smith
What Verizon’s Technical Levels Indicate

What to Expect from Verizon's Q4 Earnings(Continued from Prior Part)## Moving averagesRecently, Verizon (VZ) stock went above its short-term (20-day) moving average, which suggests a bullish sentiment in its stock. On January 4, Verizon stock closed the trading day at $56.36. Based on this figure, the stock was trading 0.2% above its 20-day moving average of $56.22, 1.9% below its 50-day moving average of $57.47, and 0.9% above its 100-day moving average of $55.83.In comparison, AT&T (T) was trading 3.7% below its 100-day moving average, while T-Mobile (TMUS) was trading 0.7% above its average. Sprint (S) was trading 0.5% above its 100-day moving average.## Relative strength indexAs of January 4, Verizon had a 14-day RSI (relative strength index) score of 49. A stock’s 14-day RSI score is measured on a scale of zero to 100. As per technical analysts, a stock is considered in the “overbought” territory when its 14-day RSI level rises above 70, while a stock is considered in the “oversold” territory when its 14-day RSI level drops below 30. A stock trading between a 14-day RSI level of 30 and 70 denotes balanced trading activity. Meanwhile, T-Mobile’s, Sprint’s, and AT&T’s 14-day RSI scores are 59, 58, and 57, respectively.Continue to Next PartBrowse this series on Market Realist: * Part 1 - What Do Analysts Expect from Verizon’s Q4 Earnings? * Part 2 - What Analysts Expect from Verizon’s Q4 Revenue * Part 3 - How Much EBITDA Growth Will Verizon Record in Q4 2018?