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Bearish Moving Average Cross by Verizon Communic (VZ)

By David Diaz

Today, shares of Verizon Communic (NYSE:VZ) have fallen below their 10-day MA of $59.80 on a volume of 662K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Verizon Communic share prices have been bracketed by a low of $52.28 and a high of $61.58 and are now at $59.01, 13% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

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: moving crosses verizon communic

Ticker(s): VZ