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Is Verizon Finally Set For A Breakout?

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  • Verizon is set for a breakout above the $50 range that has held as resistance since 2013.
  • Earnings growth and time has reduced the forward PE ratio to a more reasonable 13.
  • Investors can now enjoy the 4.4% dividend yield with expectations of solid capital gains.
   After a couple of years of trading in a tight range, Verizon Communications (NYSE:VZ) finally appears ready for a breakout. While investors spent the last couple of years clamoring over the stock due to a high dividend yield and the excitement over 4G, the stock was extremely expensive when we turned bearish on it back in July 2012 (see articles here).


  Read the full article on Seeking Alpha.


 Disclosure:  No positions mentioned.  Please review the disclaimer page for more details.

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