Verizon Communications Inc (VZ) Heads Down For the 2nd Day In A Row, in an Uptrend Over Past 14 Days; Price Base in Formation Over Past 90 Days

Verizon Communications Inc Daily Price Recap

Verizon Communications Inc is down 0.26% ($0.15) since the previous day, marking the 2nd day in a row a decrease has occurred. As for how volume fared, yesterday’s volume was up 35.22% from the previous day (Wednesday), and up 0.08% from Thursday of the week before. The daily price chart of Verizon Communications Inc below illustrates.

VZ

Verizon Communications Inc Technical Analysis

Coming into today Verizon Communications Inc is now close to its 200 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone up 5 out of the past 10 days.

Overheard Around the Web

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

    $FREE
    based on Whole Earth Brands, Inc. to Release Second Quarter 2020 Financial Results on Friday, August 14, 2020
    $VZ Verizon Public Sector taps Jennifer Chronis to lead its Federal business.

    Topmaster100