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Next Resistance Level for Verizon Communic (VZ) is $56.76

By James Quinn

Verizon Communic (NYSE:VZ) has opened bullishly above the pivot of $55.74 today and has reached the first level of resistance at $56.08. Investors may be interested in a cross of the next upside pivot targets of $56.76 and $57.78.

There is potential upside of 0.0% for shares of Verizon Communic based on a current price of $55.76 and an average consensus analyst price target of $55.77. The stock should find initial resistance at its 50-day moving average (MA) of $56.83 and further resistance at its 200-day MA of $57.13.

In the past 52 weeks, shares of Verizon Communic have traded between a low of $52.20 and a high of $61.58 and are now at $55.76, which is 7% above that low price. The 200-day and 50-day moving averages have moved 0.03% lower and 0.03% higher over the past week, respectively.

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: pivot alerts verizon communic

Ticker(s): VZ