Verizon Communications Bullish Moving Average Crossover Alert (VZ)
Verizon Communications (NYSE:VZ) shares have crossed bullishly above their 10-day moving average of $55.78 on a volume of 3.3 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, Verizon Communications has traded in a range of $38.06 to $56.95 and is now at $56.09, 47% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.
SmarTrend recommended that subscribers consider buying shares of Verizon Communications on June 10th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $52.28. Since that recommendation, shares of Verizon Communications have risen 5.9%. We continue to monitor VZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Verizon Communications