jrinaldi97
Long

VZ Fails at Long Support Line with MAC, Now Back Above 50D EMA

NYSE:VZ   VERIZON COMMUNICATIONS INC
45 0 0
At the start of 2014, VZ             tested and failed it's support line from August 2011. At this time there was also a conversion of moving averages (MAC). Now VZ             is back above it's 50 Day EMA and looks to test its resistance line which formed in May 2013             . If it brakes out above that, it should retest it's fib level at $49.11. A break above that level would result in a retest of the former line of support at around $52.
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