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Verizon Communications Inc. is quickly approaching 58.36. We expect either a breakout through this line, or a rebound.

Verizon Communications Inc. is heading towards a line of 58.36. If this movement continues, we expect the price of Verizon Communications Inc. to test 58.36 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

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