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Verizon Communic Crosses Below its 10-day MA (VZ)

By Nick Russo

Today, shares of Verizon Communic (NYSE:VZ) have crossed bearishly below their 10-day moving average of $53.88 on a volume of 4.3 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Verizon Communic have traded between a low of $49.02 and a high of $62.22 and are now at $52.80, which is 8% above that low price. The 200-day and 50-day moving averages have moved 0.09% lower and 0.97% lower 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: moving crosses verizon communic

Ticker(s): VZ