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Verizon Communic (VZ) Breaks Through Support at $57.21

By Shiri Gupta

Shares of Verizon Communic (NYSE:VZ) have bearishly opened below the pivot of $57.48 today and have reached the first support level of $57.21. Analysts will be watching for a cross of the next downside pivot targets of $57.05 and $56.62.

Over the past year, Verizon Communic has traded in a range of $47.13 to $61.58 and is now at $57.18, 21% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

Verizon Communic (NYSE:VZ) is currently priced 2.5% above its average consensus analyst price target of $55.77. The stock should find resistance at its 50-day moving average (MA) of $57.90, as well as support at its 200-day MA of $56.21.

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