VZ with Mixed Fundamentals and Weak Technicals

Apr 23, 2019

Fundamentals:
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.

Apr 25, 2019

Note

Coming to a big resistance @55.5.
CCI @-168