VZ, DELL, KFT, AXP Covered In Lee Allen Report Today

Posted: Thursday, April 09, 2009 10:07 AM EDT

Verizon Communications (VZ), Dell (DELL), Kraft Foods (KFT) and American Express (AXP) were covered in a Lee Allen Report today. To see the report, and read Lee's musings on the wireless telecom sector, go to http://www.iotogo.com/la040909 . VZ is now at $32.00, up $.32 (1.01%) on volume of 984,305 shares traded. Over the last 52 weeks the stock has ranged from a low of $23.07 to a high of $39.94. Verizon Communications stock has been showing support around $31.06 and resistance in the $32.36 range. Technical indicators for the stock are bullish and S&P gives VZ a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on VZ the stock seems like it could be a candidate for a May out-of-the-money bull-put credit spread below the 27.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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