Charts showing high potential. Fundamentally AT&T is a solid company, and they’ll have no problems paying off the juicy 6% dividend yield YoY. Short term downtrend has been broken at $25.86. Will wait for a confirmation above $26.80 for entry. If that breaks, potential target price is $30.25.
Verizon (VZ) is also on a break or fail situation here. Need a couple more days to confirm. Comfortable entry point would be around $32.10. This stock is due for some momentum soon one way or the other. Will have to wait for a couple more days to confirm.
But comparing these two companies. Even though Verizon has more market share now than AT&T. AT&T looks like a better candidate because they have more room on the upside. Plus, they are getting more phone pipelines this summer from new Apple iphones to the Curve 8900 also being released at AT&T and the potential for new blackberry phones.
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