Verizon (VZ) has begun to act like a real blue chip stock with it terrific price stability persistence even as the rest of the market falls. Compare how Verizon is up and the Value Line Index of 1700 stocks is down over the past year in this Barchart graph.
Barchart technical indicators:
- 60% Barchart short term technical buy signal
- Trend Spotter buy signal
- Trades above its 20, 50 and 100 day moving averages
- 10 new highs and up 2.50% in the last month
- Only 3.98% off its one year high while the market as measured by the Value Line Index is 26.51% off its one year high
- Relative Strength Index is 53.62% and almost steady
- Barchart computes a technical support level at 35.89
- Recently traded at 36.33 which is above its 50 day moving average of 35.63
Summary: Verizon (VZ) is a great stock that belong in conservative investors portfolio not only for its generous dividend but its great price stability as well
Jim Van Meerten is a Marketocracy Master
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