Verizon Communications may rise to 44.30 - 45.30

Our pivot point is at 39.6.

Our preference

The upside prevails as long as 39.6 is support.

Alternative scenario

Below 39.6, expect 37.9 and 36.9.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 40.58 and 40.6784).

Supports and resistances

46.3 **

45.3 *

44.3 **

43.3

41.21 (USD-last)

40.3

39.6 **

37.9 *

36.9 **

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