After testing 61.69 numerous times, Verizon Communications Inc. has finally broken through. Can we expect a bullish trend to follow?

The breakout of Verizon Communications Inc. through the 61.69 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 62.27 within the next 17 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.