Breach of support could mean a start of a bearish trend on Verizon Communications Inc.

Verizon Communications Inc. has broken through a support line of a Rising Wedge chart pattern. If this breakout holds true, we expect the price of Verizon Communications Inc. to test 60.71 within the next 15 hours. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before placing any trades.