Verizon Communications Inc. has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 59.42 can be expected within the next 2 days.
Resistance line breached by Verizon Communications Inc.. This price has been tested at least twice before.
