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Bearish Moving Average Cross by Verizon Communications (VZ)

By Shiri Gupta

Today, shares of Verizon Communications (NYSE:VZ) have fallen below their 10-day MA of $52.81 on a volume of 3.0 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Verizon Communications share prices have been bracketed by a low of $38.06 and a high of $56.95 and are now at $52.71, 38% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Verizon Communications and will alert subscribers who have VZ in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Verizon Communications

Ticker(s): VZ