Verizon Communications may rise to 46.20 - 46.90

Our pivot point stands at 42.7.

Our preference

As long as 42.7 is support look for 46.2.

Alternative scenario

Below 42.7, expect 41.6 and 41.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading under its 20 day moving average (44.144) but above its 50 day moving average (42.975).

Supports and resistances

47.6 **

46.9 *

46.2 **

45.5

43.7 (USD-last)

43.2

42.7 **

41.6 *

41 **

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