Yesterday Verizon increased by 2.91%, ended the session at $54.12 - Livit. Lovit. TRADIT.
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Yesterday Verizon increased by 2.91%, ended the session at $54.12

26.02.2022

By Axiory Intelligence

Yesterday Verizon increased by 2.91%, ended the session at $54.12

Yesterday at a glance: after closing yesterday at $52.59, the broadband and telecommunications company went up to $54.54 only to drop back to midpoint range and close at $54.12.

  • The trading volume was 31 million, which is above the daily average of 21.60 million.

Ahead of Monday's session: S&P 500 went up; it increased by 2.24% and traded at 4,384.65. Verizon's stock price increased by 2.91%, while the Communication Services sector gained 1.28% — a positive day for both. Twenty-First Century Fox Inc. was on a roll, gained 2.6%.

The company's market cap is $227.19 billion and an average daily volume of 21.60 million; the information and entertainment services company gained 3.3% this year. It has been beating the Dow Jones by 10.9%. Verizon's long-term behavior shows it is currently on an uptrend that started roughly 30 days ago. $34.1 billion was Verizon's last reported revenue with $1.31 being the current EPS.

In terms of trend indicators, we can see that the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend. At $54.2, Verizon made an initial breakout above 200 day Simple Moving Average, an indication of a positive trend. Medium-term trend indication has turned positive as the MACD (moving average convergence divergence) index generated a crossover buy signal. This occurs as the MACD line crosses above the MACD signal line. Analysis based on the asset volatility indicates that Despite this, Verizon's upper Bollinger band is at $54.13, this is a slight indication of a slowdown.

Overall, looking at the technical analysis landscape, it seems Verizon likely to continue pointing upward in the short term.

A look at other communication services stocks also showed green moves as AT&T was up 2.93%. Charter gained 2.48%, as it traded at $601.16. Comcast traded at $47.07 after closing yesterday's trading day at $46 (up 2.3%).

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