The movement of Verizon Communications Inc. towards 55.54 price line is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
After testing 55.54 numerous times, Verizon Communications Inc. is once again approaching this price point. Can we expect a bearish trend to follow?
