Verizon Communications stock trades under the ticker VZ & has shown recent bullishness that traders & investors should take a closer look at.
VZ stock closed at $52.12/share on 4/1/2022.
Verizon Communications VZ Stock’s Technicals Broken Down
VZ Stock Price: $52.12
10 Day Moving Average: $51.24
50 Day Moving Average: $52.81
200 Day Moving Average: $52.87
RSI: 49.8
MACD: -0.502
On Friday, VZ stock completed a bullish MACD crossover, breaking back out above its 10 day moving average, on slightly above average volume compared to the previous year.
Their RSI is still neutral, showing strength for their current momentum to continue on in the near-term.
Their next resistance tests are $52.29, $52.36 & $52.49/share price levels.
Verizon Communications VZ Stock As A Long-Term Investment
Long-term oriented investors will like VZ stock’s P/E (ttm) of 9.63, but may find their P/B (mrq) of 2.63 to be a bit rich.
They recently reported -1.8% Quarterly Revenue Growth Y-o-Y, with 0.5% Quarterly Earnings Growth Y-o-Y.
VZ stock’s balance sheet will require a more thorough review, as they have $2.92B in Total Cash (mrq), with $178.94B in Total Debt (mrq).
Moody’s most recent debt rating for VZ is Baa1, which is considered lower medium grade.
VZ stock pays a 4.98% dividend yield, which appears to be stable as their payout ratio is 47.7%.
65.33% of VZ stock’s outstanding share float is held by institutional investors.
Verizon Communications VZ Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to profit from VZ stock’s price movements, while hedging against market volatility.
I am looking at the contracts with the 4/14 expiration date.
The $51, $52 & $52.50 call options all look appealing, and very liquid with solid levels of open interest.
The $53, $53.50 & $54 puts also look interesting, although they are much less liquid than the calls, signaling more broad bullish sentiment in the near-term.
Tying It All Together
All-in-all, traders & investors should take a closer look into VZ stock.
Investors will like their dividend yield & P/E (ttm), while traders will like their current momentum & the liquidity of their options contracts.
VZ stock is worth taking a closer look at, regardless of your trading style.
*** I DO NOT OWN SHARES OF VZ STOCK ***