Stock Of The Day: Is This The Top For Verizon?
Verizon(US:VZ) Benzinga·2026-02-02 15:24‘Sell at former tops' is an old Wall Street adage, and it may prove to be good advice for Verizon Communications Inc. (NYSE:VZ) , which is currently quiet. The shares gained almost 15% Friday after a blowout earnings report. This is why the telecom is our Stock of the Day.The expression refers to how stocks tend to run into resistance at levels that had been peaks or tops in the past. When this happens, there is a chance the stock will reverse and head lower.Stocks can find resistance at former tops becaus ...