Verizon Trades At the Top Of Its Range

Verizon Communications (VZ), a provider of telephone and other communications services, is on the price upside as it trades in a sideways price pattern. Because the stock is at the top of its trading range, do not buy it now. Wait until it drops and begins a new price cycle.

The $1.62 annual dividend yields 4.40 percent making VZ an attractive stock for a long-term dividend reinvestment portfolio.

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Posted December 28, 2006.