The breakout of Verizon Communications Inc. through the 54.05 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 52.48 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 54.05 numerous times, Verizon Communications Inc. has finally broken through. Can we expect a bearish trend to follow?
