Verizon Communications Inc. is quickly approaching 57.47. We expect either a breakout through this line, or a rebound.

Verizon Communications Inc. is heading towards a line of 57.47. If this movement continues, we expect the price of Verizon Communications Inc. to test 57.47 within the next 5 hours. 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.