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SmarTrend Watching for Potential Rebound in Shares of Verizon Communic After 2.51% Loss

By Amy Schwartz

Verizon Communic (NYSE:VZ) traded in a range yesterday that spanned from a low of $47.38 to a high of $48.55. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $48.43 on volume of 16.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, Verizon Communic share prices have been bracketed by a low of $42.80 and a high of $54.77 and are now at $47.66, 11% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

Keywords: rebounders verizon communic

Ticker(s): VZ