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Important price line being approached by Verizon Communications Inc.. This price has been tested numerous times before.

Verizon Communications Inc. is moving towards a line of 53.94 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If Verizon Communications Inc. continues in its current trajectory, we may see it move towards 53.94 within the next 2 days.

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