VZ breaks below previous session low
VZ ended the week 0.38% higher at 52.47 after losing $0.54 (-1.02%) today on low volume. The bears were in full control today, moving the market lower throughout the whole session. Closing below Thursday's low at 52.66, the share confirms its breakout through the prior session's low having traded $0.39 below it intraday.
Friday's trading range was $0.66 (1.25%), that's slightly below last trading month's daily average range of $0.76. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Selling might speed up should prices move below the nearby swing low at 51.76 where further sell stops could get activated.
While classical technical analysis indicates a bearish sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for Verizon Communications
|Strong Up Move||TQ Pro Members Only|
|Decisive Up Move||TQ Pro Members Only|
|White Candle||TQ Pro Members Only|
|Very Strong Up Move||TQ Pro Members Only|
|RSI(14) above 70||TQ Pro Members Only|
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