Verizon Communication made yesterday the third consecutive rising day and breaching the previous local high, attracting though the investors’ attention.
The trend on the mid-term is bullish, having higher highs and higher lows and the January bear channel turned out to be just a short term correction.
The most important support is in the $37.70 area and, if the bulls will sustain their bids, the late December highs ($40.27) could be breached in the near term.
The target for the previous months is in the $42.20 area.
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