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Communications | Stocks | Technical Analysis
Chart of the Day: Is Verizon Weak in a Strong Market?
David Russell
November 11, 2024

The S&P 500 just had its biggest weekly rally in a year, but Verizon Communications didn’t participate. Are the bears moving in?

The first pattern on today’s chart is the trio of drops following the last three quarterly reports. Those may reflect …

For more, please click here to view the related idea and chart analysis on TradingView.

Verizon Communications (VZ), daily chart, with selected patterns and indicators, courtesy of TradingView.
Tags: VZ

About the author

David Russell
David Russell is Global Head of Market Strategy at TradeStation. Drawing on more than two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.

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