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TheStreet Open House

8 Stocks at New 52-Week Highs

Verizon Communications

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Verizon Communications (VZ), through its subsidiaries, is a provider of communications services. This stock is trading up 1.6% at $39.92 in recent trading after hitting a 52-week high of $39.95 earlier in the day.

Today's Range: $39.41-$39.95

52-Week Range: $25.99-$39.95

Volume: 8.6 million

Three-Month Average Volume: 16 million

Verizon Communications has a market cap of $112.56 billion and an enterprise value of $155.29 billion. The stock trades at a trailing price-to-earnings of 15.98 and a forward price-to-earnings of 15.59. Its estimated growth rate for this year is -1.80%, and for next year it's pegged at 15.9%. The current short interest as a percentage of the float for Verizon Communications is very low at 1.4%.

From a technical standpoint, VZ recently trigged a breakout trade when the stock cleared some near-term overhead resistance at $37.73 to $37.84 on decent volume.

Traders should now watch for the next breakout trade to trigger once VZ takes out $40 with high volume. Look for a sustained move and close above $40 with volume that's near or above about 16 million shares. If we get that action, VZ should then re-test $44 to $45 in the near future.

Verizon shows up on a recent list of 15 High-Yield Momentum Stocks.

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