This stock rallies when 10-year yields fall. Especially if tech stocks take a breather. Tech stocks are on average well into over-bought territory, and 10-year yields have been falling precipitously. Verizon is highly stable and provides a massive dividend which investors flock to when yields fall, currently sitting at about 50% higher than 10 year treasury notes.
Combine that with all of the technical indications like the multi-week consolidation inside a bull flag has primed VZ to break out, and you have a great setup.
A liquidity sweep has taken place, and it appears the next target for the stock is around $47.50, in-line with most analyst estimates.
Call options on July 18 strikes have very high OI. As price moves through these strikes, a rally could ensue. Prior rallies average 10-20%, and typically the stock rallies prior to the Ex Dividend date, which is on July 10th. The stars appear to be aligning on this one.
Combine that with all of the technical indications like the multi-week consolidation inside a bull flag has primed VZ to break out, and you have a great setup.
A liquidity sweep has taken place, and it appears the next target for the stock is around $47.50, in-line with most analyst estimates.
Call options on July 18 strikes have very high OI. As price moves through these strikes, a rally could ensue. Prior rallies average 10-20%, and typically the stock rallies prior to the Ex Dividend date, which is on July 10th. The stars appear to be aligning on this one.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.