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What Do Verizon’s Moving Averages Suggest?

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Dec. 13 2018, Updated 7:31 a.m. ET

Moving averages

Recently, Verizon (VZ) fell below its short-term (20-day) moving average, indicating a bearish sentiment in its stock. On December 10, Verizon stock closed the trading day at $58.27. Based on this figure, the stock was trading 1.4% below its 20-day moving average of $59.09, 2.4% above its 50-day moving average of $56.93, and 5.7% above its 100-day moving average of $55.13.

In comparison, AT&T (T) was trading 6.3% below its 100-day moving average, while T-Mobile (TMUS) was trading 1.1% below its average. Sprint (S) was trading 3.3% below its 100-day moving average.

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Relative strength index

On December 10, Verizon had a 14-day RSI (relative strength index) score of 50. A stock’s 14-day RSI level is measured on a scale of zero to 100. According to technical analysts, a stock is considered “overbought” when its 14-day RSI level rises above 70. A stock is considered “oversold” when its 14-day RSI level drops below 30. A stock trading between a 14-day RSI level of 30 and 70 suggests balanced trading activity. Meanwhile, T-Mobile’s, Sprint’s, and AT&T’s 14-day RSI scores are 40, 39, and 43, respectively.

Revenue and EPS forecast

Analysts expect Verizon’s sales and adjusted EPS to be $130.9 billion and $4.67, respectively, in 2018 and $132.1 billion and $4.72, respectively, in 2019. The telecommunications company reported sales of $126 billion and adjusted EPS of $3.74 in 2017.

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