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Actionable news in VZ: VERIZON COMMUNICATIONS,

Should You Buy Verizon Now or Just Hang Up?

NEW YORK (TheStreet) -- Investors who have studied the daily technical chart of Verizon (VZ - Get Report) know the stock has been moving sideways to lower since setting its all-time high in April 2013. Weakness to the down side accelerated with a price gap below its 200-day simple moving average on June 4.

As a result, Verizon shares were vulnerable when China's Shanghai Composite began its plunge in mid-June. As a result, Verizon will need better-than-expected earnings to claw its way back above the "death cross" negative technical indicator that was confirmed on...


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