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SmarTrend Watching for Potential Pullback in Shares of Verizon Communic After 1.10% Gain

By Shiri Gupta

Verizon Communic (NYSE:VZ) traded in a range yesterday that spanned from a low of $59.31 to a high of $59.47. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $59.42 on volume of 3.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Verizon Communic. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Verizon Communic in search of a potential trend change.

In the past 52 weeks, Verizon Communic share prices have been bracketed by a low of $52.28 and a high of $62.22 and are now at $59.61, 14% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Keywords: rebounders verizon communic

Ticker(s): VZ