Good Evening Traders,
Today I want to break down a stock that I actually bought today: Verizon Communications ( VZ 0.00%↑ ). I’ve been watching this goliath of a company go sideways for two years, just waiting for the right opportunity. This is a heavy dividend-paying stock that I believe has significant upside, and the chart just gave me a perfect, high-timeframe signal that was too good to ignore.
This company is a cash-generating machine, but it’s not all peaches and cream. There are very real headwinds, including slow growth and a ton of debt. So let’s break down the full bull and bear case, look at the chart, and I’ll show you exactly why I’m in this trade for the long haul.
