Fundamentals:
Verizon reported earnings for Q1:
Revenue stayed at 32.1B, barely missing consensus.
Technicals:
Resistance level: 60.8
Support level: 53
I would be very cautious trading this. Wait until CCI(10) reaches -100, and RSI above 56 to go LONG.
Verizon reported earnings for Q1:
- EPS for 2018-Q1: 1.17
- Estimated EPS before earnings: 1.17
- Actual EPS: 1.20 a
- Surprise: + 2.56%
Revenue stayed at 32.1B, barely missing consensus.
Technicals:
- RSI(14) @40.5, reaching lower lows (specifically on the following dates: 2-apr,9-apr,17-apr,23-apr)
- SRSI(14) @0
- MACs @.26 > MACD @.01
- CCI(10) @-200
Resistance level: 60.8
Support level: 53
I would be very cautious trading this. Wait until CCI(10) reaches -100, and RSI above 56 to go LONG.
CCI @-168