Verizon Communications may rise to 44.40 - 45.10

Our pivot point stands at 40.9.

Our preference

The upside prevails as long as 40.9 is support.

Alternative scenario

Below 40.9, expect 39.8 and 39.2.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 41.201 and 40.5844).

Supports and resistances

45.7 **

45.1 *

44.4 **

43.8

42.07 (USD-last)

41.3

40.9 **

39.8 *

39.2 **

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