Verizon Communications Inc. has broken through the resistance line of a Triangle technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 18 days and suggests a target line to be around 59.92 within the next 19 hours.
Verizon Communications Inc. – breach of a trending resistance line that has been tested at least twice before.
