Verizon Wireless (NYSE:VZ) is expected to announced the iPhone (NASDAQ:AAPL) launch on Tuesday Morning, according to a Cellular-News report.
The company has called a long anticipated press conference, causing speculation over the launch of the CDMA variant of Apple's iPhone.
The device is expected to be a basic CDMA model due to the fact that Verizon didn't announce an iPhone deal during their LTE announcements earlier last week.
Verizon Communications is currently above its 50-day moving average (MA) of $33.78 and above its 200-day of $30.68.
In the last five trading sessions, the 50-day MA has climbed 1.29% while the 200-day MA has risen 0.5%.
Verizon Communications Inc. is an integrated telecommunications company that provides wire line voice and data services, wireless services, Internet services, and published directory information. The Company also provides network services for the federal government including business phone lines, data services, telecommunications equipment and payphones.
Write to Chip Brian at cbrian@tradethetrend.com
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