Breach of support could mean a start of a bearish trend on Verizon Communications Inc.

Verizon Communications Inc. has broken through a support line of a Rising Wedge chart pattern. If this breakout holds true, we expect the price of Verizon Communications Inc. to test 58.82 within the next 2 days. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before placing any trades.