Verizon Communications Bearish Moving Average Crossover Alert (VZ)
Today, shares of Verizon Communications (NYSE:VZ) have crossed bearishly below their 10-day moving average of $50.13 on a volume of 9.3 million shares. This may provide swing traders with 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 $49.37, 30% above that low price. The 200-day and 50-day moving averages have moved 0.14% higher and 0.01% higher over the past week, respectively.
SmarTrend recommended that its subscribers protect gains by selling shares of Verizon Communications on August 2nd, 2016 by issuing a Downtrend alert when the shares were trading at $54.15. Since that call, shares of Verizon Communications have fallen 7.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses Verizon Communications