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Big movement possible on Verizon Communications Inc. after a breach of 52.67

Verizon Communications Inc. has broken through a line of 52.67 and suggests a possible movement to 52.24 within the next 6 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 8 days.

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