Verizon Communications may rise to 43.00 - 43.90

38 is our pivot point.

Our preference

Our next up target stands at 43.

Alternative scenario

Below 38, expect 36.6 and 35.7.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 39.7725 and 40.253).

Supports and resistances

44.8 **

43.9 *

43 **

42.1

40.33 (USD-last)

38.6

38 **

36.6 *

35.7 **

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