VERIZON bought on 12dma consolidation

Today I purchased Verizon as it consolidates around its 12 day moving average (dma).  For the past two months, Verizon has traded in a tighter than normal range, fluctuating between $48 – $51.  What is more characteristic is for the price to sharply break up/down from its 12dma (see chart).  While I can’t predict whether it moves up or down from here, I do believe the stock is undervalued with long term upside potential.

  • Forward PE is a very favorable 12.48
  • 59% gross margin
  • 68% dividend yield
  • Yahoo acquisition drama has likely subsided and offers platform growth beyond Verizon’s traditional wireless

CHECKOUT the new VIDEO section for additional information about charting and applying simple moving averages:  http://www.wealthsteading.com/videos/

[ For video updates, please subscribe directly at YOUTUBE…where you can comment and request future video content. ]

——————————————————————————

Listen to the Wealthsteading Podcast to receive updated market commentary:

www.wealthsteading.com

The 10 Wealth Building Principles can be heard at:

http://www.wealthsteading.com/category/wealth-building-principle/

Subscribe to the Wealthsteading Podcast:

via iTunes:  https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058

Building Wealth, Investing, Retirement, Stock Trading, Money, Freedom

——————————————————————————