Verizon Comunication Inc Research Proposal Example | Topics and Well Written Essays - 500 words

Verizon Comunication Inc - Research Proposal Example Whereas according to the RSI (Relative strength Index) the company share was over bought on 1st April 2008 and hence to maintain it normal level the share price came down. Fundamental: The Verizon Communication price share fell down by 23 cent to drop down at a level of US$35.73. The reason behind this downward movement is the investor concern over earnings of the telecommunication companies as well as the skyrocketing oil prices. Technical: The share fall due to correction in the market and it dropped to its support level of 10-day moving average. Also as we can see from the graph at (www.finance.yahoo.com) the 10 day moving average just cut down the 50 days moving average on 17 April, 2008 and forced the share price to come down accordingly. Fundamental: The Verizon Communication share price jumped 26 cent to the level of US$38.21. The reason behind this jump is the solid earning from the company for the first quarter, this solid earning control the investor worries towards slowing down economy. Technical: If we look at the graph we would be able to find out that the 10 days moving average crossed the 50 ay moving average in upward direction which is a sign of bullish pattern for the share. Also the higher volume on 28th April, 2008 pushed the share price up on 29th. Fundamental: The Verizon Communication share price dropped down by 1 cent. The reason behind this drop is the poor show by telecom companies, the quarterly earning of some low cost wireless carrier seen as a disappointment from the investor and resulted into 1 cent down for the