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Verizon Communications Crosses Above its 10-day MA (VZ)

By Amy Schwartz

Today, shares of Verizon Communications (NYSE:VZ) have advanced above their 10-day MA of $55.49 on a volume of 4.0 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher 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 $55.59, 46% 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 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

Ticker(s): VZ