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Verizon Communications Inc. Message Board

  • sandyeggojake sandyeggojake Nov 15, 2012 3:47 PM Flag

    Caution - beware a close below $41.72

    $41.72 is the low point of the prior swing below the MA(50)d. Already has fallen below the MA(40)w - a first for the year. Next MA support is the MA(200)d...but expect that line to be probed for stops, which may build momentum for a test of the $40 mark. And if that goes? Mid $30's. Will it happen? Who knows, but the charts suggest it is a growing possibility.

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