Verizon Communications (NYSE:VZ) Bullish Flag Formation?

Verizon Communications (NYSE: VZ) Bullish Flag Formation?

Verizon Communications (VZ) is looking good technically and has formed a valid bullish flag on its daily chart. If breached VZ could easily gain $3-$4 from where is standing today, as of last trade VZ was $28.86.

Bullish flag formations are very reliable, VZ will most likely confirm this within days. Ideally one wants to buy above the 200 bar MA even though this is not really contradicting VZ’s bullish flag.