Shares of Verizon (NYSE: VZ) broke above their 200 day moving average on Tuesday, on the heels of Cisco Systems'(Nasdaq: CSCO) announcement of a new generation of Internet router.



Chart Courtesy of StockCharts.com



Verizon has gone nowhere in the last few months, even as the market has rallied. Yet, news that it's going to feature new NFL content, and the convenient unveiling of a faster router from Cisco.

It makes sense that Wall Street would get excited at this combination. More content, delivered faster and more efficiently would give the telecom companies an opportunity to raise prices or put more advertising into the programming. Either way the potential is there for more money being thrown at cell phones. And that's something that the telecom companies have needed, a new revenue opportunity.

Still, with telecom it's always unpredictable as to how things will turn out. It always seems to cost more, and to take longer than anyone expects to roll out something new and profitable. And the setup always takes more money to roll out than expected.

But at least it made for one good day for Verizon. We'll see if the move has legs. A sustained move above the 200-day moving average, though, would be a signal that the long term trend has turned up for Verizon. And that would be a significant change in the fortunes of this company.

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