Verizon Communications may rise to 43.60 - 44.30

Our pivot point stands at 40.

Our preference

The upside prevails as long as 40 is support.

Alternative scenario

The downside breakout of 40 would call for 38.8 and 38.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 40.645 and 40.2112).

Supports and resistances

45 **

44.3 *

43.6 **

42.8

41.27 (USD-last)

40.5

40 **

38.8 *

38 **

Number of asterisks represents the strength of support and resistance levels.