Verizon Communications Inc (VZ) Up 2.88%; Price Base in Formation Over Past 30 Days

Verizon Communications Inc 4 Hour Price Update

Updated June 30, 2020 04:34 PM GMT (12:34 PM EST)

In the past four hours of today’s trading session, VZ’s price is up $0.07 (0.12%). To help put that in perspective, note that Verizon Communications Inc’s peers in the in the Communication industry are up 1.22% on average during this time, while its counterparts in the broader Communication Services sector are up by an average of 1.82%.

Verizon Communications Inc Daily Price Recap

The back and forth price flow continues for Verizon Communications Inc, which started today off at 54.69 US dollars, up 2.88% ($1.53) from the previous day. The change in price came along side change in volume that was down 47.93% from previous day, but up 74.49% from the Monday of last week. Below is a daily price chart of Verizon Communications Inc.

Verizon Communications Inc Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone down 8 out of the past 14 days. Candlestick traders will also want to note that we are seeing a bullish engulfing pattern amidst the downtrend on the 14 day charts; a bullish engulfing pattern amidst a downtrend may signal the downtrend is ready to culminate.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to VZ:

    $T $VZ $TMUS $S today news INOVIO $INO Announces Positive Interim Phase 1 Data For INO-4800 Vaccine for COVID-19 INO-4800 Selected for the U.S. Government's Operation Warp Speed .
    What To Expect:Stellar Phase 1 INO 4800 Results….Manufacturing Partnerships Expanded With Richter Helm And Other Plasmid Manufacturers…..Department Of Defense In 8-K Discussed Manufacturing Alliance With INOVIO…..Full Backing Of The U.S. Military Thru War Powers Act…..CEPI….GAVI….OWS….Gates Foundation…..Expand Funding With Major Grants…..Phase 3 Begins In July 2020…..Was Discussed By Dr Ervin In Kansas City Who Did Phase 1 For INO 4800….Also Tweet By Lora Madden Discussing Being Part Of Phase 3 In Lexington Kentucky…..INOVIO IS THE REAL DEAL….INO 4800 The Worlds COVID 19 Vaccine!