Verizon Offers A Good Risk To Reward Ratio (Technical Analysis)

Kameleon007Most people know Verizon Communications Inc. (NYSE:VZ) as the wireless service provider that also pays a high yielding dividend of 6.46%. While many people buy VZ for the dividend, I think there is an opportunity for a nice capital gain in VZ. In this article, I will use technical analysis tools such as price action, exponential moving average (EMA), momentum, volume, and relative strength to show why I think VZ offers a risk to reward ratio of greater than 1:3. I will outline a price target  ...