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Verizon Communications Bearish Moving Average Crossover Alert (VZ)

By David Diaz

Today, shares of Verizon Communications (NYSE:VZ) have crossed bearishly below their 10-day moving average of $49.81 on a volume of 3.6 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.

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 $49.67, 31% 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