Here’s a preview of what I’ll be discussing on Talking Numbers today around 3:20 to 3:30 pm EST on CNBC:
Short post today, as I have to leave for the NYSE 2 hours in advance because of the difficulty in finding transportation (as opposed to the normal 40 minutes).
Comparing, VZ and T, we can see a large divergence in the past month.
This is a 6 month chart of VZ:
As you can see, the stock has maintained its steady uptrend, despite the selling that took the stock lower in October. It has consistently made higher highs and higher lows in the past 6 months.
In contrast, T broke its uptrend on the sharp selloff in October:
It’s also notable that T has had a much more subdued rebound, indicating continued selling pressure despite the broader market rally this week. T sits near 3 month lows, putting holders of the stock in a more precarious position.