Verizon Charts Look Weak: Here’s The Trade
InTheMoneyStocks.com | Jun 18, 2018 12:36PM ET
Verizon Communications (NYSE:VZ) has been falling over the past week as traders now expect it to get into the acquisition game since AT&T (NYSE:T) and Time Warner (SA:TWXB34) received approval to merge. Either way, the charts are telling me the stock should continue to trade lower in the near term.h3 Support Watch/h3
The $45 area is where there should be major chart support when tested. This important support area is where the stock was defended multiple times in 2017 and will likely be defended again.
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