TMCNet:  After Yesterday's Rally of 1.03% Shares Could Potentially Pullback

[November 29, 2012]

After Yesterday's Rally of 1.03% Shares Could Potentially Pullback

Nov 29, 2012 (SmarTrend(R) News Watch via COMTEX) -- Verizon Communications (NYSE:VZ) traded in a range yesterday that spanned from a low of $43.51 to a high of $44.07. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $43.58 on volume of 14.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.


In the past 52 weeks, shares of Verizon Communications have traded between a low of $36.01 and a high of $48.77 and are now at $44.03, which is 22% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.2%.

SmarTrend is monitoring the recent change of momentum in Verizon Communications. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Verizon Communications in search of a potential trend change.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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