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Stock Of The Day: Is This The Top For Verizon?
Benzinga· 2026-02-02 15:24
Core Viewpoint - Verizon Communications Inc. has seen a significant increase in its stock price, gaining almost 15% after a strong earnings report, but it may face resistance at previous peak levels, particularly around $44, which could lead to a potential sell-off [1][5]. Group 1: Stock Performance and Resistance - The stock price of Verizon gained nearly 15% following a robust earnings report, making it the "Stock of the Day" [1]. - Historical price levels, specifically around $44, have previously acted as resistance points for Verizon's stock, indicating potential selling pressure if the stock approaches this level again [3]. - The concept of "selling at former tops" suggests that investors who bought at previous peaks may place sell orders when the stock returns to those levels, creating resistance [2][5]. Group 2: Investor Behavior - Investors who purchased shares at previous highs may feel regret and choose to sell at breakeven when the stock price returns to those levels, contributing to resistance [2]. - When the stock reaches resistance, anxious sellers may lower their offer prices to avoid losses, potentially leading to a snowball effect that drives the stock price lower [4].
Stock Of The Day: Where Will The Warner Bros. Bidding War End?
Benzinga· 2025-12-11 18:37
Group 1 - Warner Bros. Discovery, Inc. shares have recently surged due to a bidding war, with Netflix offering $27.75 per share and Paramount Skydance countering with a hostile bid of $30 per share [2][3] - Some shareholders are anticipating an even higher bid, but if no additional bidders emerge, the stock price may face resistance around $31.25 [3][6] - Historical resistance levels for Warner Bros. were noted around $31.25 in early 2022, suggesting that if the stock reaches this price again, it may encounter selling pressure from investors looking to break even [6][7][8] Group 2 - The current trading environment for Warner Bros. Discovery is characterized by elevated stock levels, prompting traders to monitor potential resistance points [2] - The concept of "selling at former peaks" is relevant, as many investors may place sell orders at the historical resistance level, potentially capping the stock price [6][7]
Stock Of The Day: Where Will The Lyft Breakout End?
Benzinga· 2025-05-12 17:29
Group 1 - Lyft, Inc. reported better than expected earnings, marking the 16th consecutive quarter of double-digit year-over-year gross bookings growth [1] - The stock is approaching a resistance level at $18.50, which previously acted as resistance in November [2][7] - There is a possibility of a reversal or breakout as the stock nears this resistance level, with traders anticipating potential movements based on supply and demand dynamics [4][8] Group 2 - Historical resistance levels can lead to increased sell orders from investors who previously bought at those levels, potentially creating new resistance [5][7] - If the stock reaches $18.50, it may face selling pressure from investors holding losing positions, which could stall or reverse the upward trend [6][7] - A breakout may occur if buyers overpower sellers at the resistance level, leading to a new upward trend [6]