Looks like a pennant pattern or descending triangle coming to a close, with a bullish breakout anticipated.
Reason for general buy: 1. decent fundamentals 2. Double bottom 3. Increasing RSI 4. decent volume 5. Price is on 61.8 fib on D1 Scenario 1: enter at support Scenario 2: enter after price closes above trend break
Oversold at the moment, with support around $43. With the Apple launch as well as a solid .50 cent dividend, I can see VZ doing well in the next few months. Sept/Oct is where you see it break the $45 range. Oct/Nov the $46 dollar range.
CORRELATION : 96 % CO -INTEGRATION : 78% LONG VZ @ 45.15 SHORT T@ 37.92