Verizon Communications Inc. has broken through a support line of a Channel Up chart pattern. If this breakout holds true, we expect the price of Verizon Communications Inc. to test 54.84 within the next 2 days. 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.
Breach of support could mean a start of a bearish trend on Verizon Communications Inc.
