Verizon Communications Inc (VZ) Down 2.4%, Crosses 50 Day Moving Average; in a Downtrend Over Past 14 Days

Verizon Communications Inc Daily Price Recap

The choppiness in the recent daily price action of Verizon Communications Inc continues; to start today, it came in at a price of 54.38 US dollars, down 2.4% ($1.34) since the day prior. As for how volume fared, yesterday’s volume was up 17.31% from the previous day (Monday), and up 66.33% from Tuesday of the week before. Let’s take a look at the daily price chart of Verizon Communications Inc.

Verizon Communications Inc Technical Analysis

First things first: Verizon Communications Inc crossed below its 50 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 10 out of the past 14 days.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about VZ:

    $VZ When $AAPL releases that sweet lineup of 5G iPhone 12’s, people are going to upgrade by the truckload and most of them won’t want to skimp on the service. I think $VZ is one of the safest bets in this nutty market.

    cryptoputz