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Verizon Communic (VZ) Crosses Pivot Point Resistance at $47.92

By James Quinn

Shares of Verizon Communic (NYSE:VZ) have bullishly opened above the pivot of $47.72 today and have reached the first resistance level of $47.92. Investors may be interested in a cross of the next upside pivot targets of $48.19 and $48.66.

Verizon Communic has overhead space with shares priced $47.92, or 14.2% below the average consensus analyst price target of $55.83. The stock should hit resistance at its 50-day moving average (MA) of $52.17, as well as support at its 200-day MA of $47.71.

In the past 52 weeks, Verizon Communic share prices have been bracketed by a low of $42.80 and a high of $56.95 and are now at $47.92, 12% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Verizon Communic on February 6th, 2018 by issuing a Downtrend alert when the shares were trading at $50.04. Since that call, shares of Verizon Communic have fallen 4.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts verizon communic

Ticker(s): VZ