Verizon Communications’ stock price (VZ) extended its gains in the intraday levels, and confirmed the breach of the pivotal resistance of $45.36, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, as the stock is buoyed by trading above the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels. 

 

Therefore we expect more gains for the stock, targeting the resistance of $50.00, provided it settles firmly above $45.36.

 

Trend forecast for today: Bullish