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Verizon Communic Bearish Moving Average Crossover Alert (VZ)

By Nick Russo

Verizon Communic (NYSE:VZ) crossed under its 10-day moving average of $48.38 on a volume of 9.0 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Verizon Communic has traded in a range of $42.80 to $54.77 and is now at $47.86, 12% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

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

Keywords: moving crosses verizon communic

Ticker(s): VZ