Verizon Communications Inc. is quickly approaching 59.38. We expect either a breakout through this line, or a rebound.

Verizon Communications Inc. is heading towards a line of 59.38. If this movement continues, we expect the price of Verizon Communications Inc. to test 59.38 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.