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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 58.71 which it has tested numerous times in the past. We have seen it retrace from this positions 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 can expect it to reach 58.71 within the next 3 days.

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