Verizon (VZ) ($46.20) had been above its 200-day SMA since Jan. 30 and has been trading back and forth around this key moving average since Aug. 16. Today the 200-day is a resistance at $48.30. The stock has a buy rating with a semiannual value level at $42.34, a weekly pivot at $45.30 and semiannual risky level at $49.86.
Exxon Mobil (XOM) ($85.16) was last above its 200-day SMA on Aug 12. The stock has a hold rating and set a new 2013 low at $84.83 on Wednesday well below the 200-day at $89.62. The stock has a hold rating with a semiannual value level is $75.04, a weekly pivot at $84.04 and monthly risky level at $88.35.
At the time of publication the author held no positions in any of the stocks mentioned.
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