Verizon Communications Inc. (VZ) Looks For A Breakout

By Mark Moneymaster
December 09, 2009 10:06 AM

Symbols: T, VZ

Posted in: Long Ideas, Technicals, Trading Ideas

Verizon Communications Inc. (NYSE: VZ), which closed near the day’s high at $33.37 on Tuesday, is now in sight of the 52 weeks high of $34.76. The stock could make a fresh breakout once it manages to breach the 52 week high at $34.76.

Verizon Communication Inc. (VZ) could continue its upward journey, as AT&T Inc. (NYSE: T) has just dropped its legal fight against Verizon Communications Inc. (VZ) wireless advertisements.

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Verizon Communications Inc. (VZ) Looks For A Breakout

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