This is Verizon. Incidentally , this comes from our pattern recognition system within " Cashflow IQ", and it's pretty cool . This indicates that Verizon is flashing red. Verizon is in red, as if someone knew this news, right?
Look at the number of consecutive days we have seen a decrease. We have a downtrend in Verizon, and it is rare to see such moves in a downtrend. Well, look at today's move, down about 7%, that's not good, is it?
This is not good at all. There was a buying opportunity here, but once the news started leaking, I think someone knew something, and you see a large downward gap and a sharp drop.
There are troubles in the world of Verizon. And you know what? decent. Who really likes Verizon? Who says, "Man, I really like this company." no. I never hear anyone say, " I love that company."