The breakout of Verizon Communications Inc. through the 55.36 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of Verizon Communications Inc. to test 54.79 within the next 5 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 55.36 numerous times, Verizon Communications Inc. has finally broken through. Can we expect a bearish trend to follow?
