Verizon Communications may rise to 43.80 - 44.80

38.7 is our pivot point.

Our preference

Our next up target stands at 43.8.

Alternative scenario

The downside breakout of 38.7 would call for 37.1 and 36.1.

Comment

The RSI is above 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 40.4835 and 40.6916).

Supports and resistances

45.8 **

44.8 *

43.8 **

42.8

40.75 (USD-last)

39.4

38.7 **

37.1 *

36.1 **

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