Verizon: High Div Yield vs CG Loss?Verizon Communications Inc
Short Term - We look to Sell at 50.20 (stop at 51.90)
A sequence of weekly lower lows and highs has been posted. We can see no technical reason for a change of trend. 50 4hour EMA is at 50.38. We expect a significant move lower if prices manage to break the 50.38 support. Further downside is expected.
Our profit targets will be 46.05 and 45.00
Resistance: 52.00 / 55.53 / 59.80
Support: 46.00 / 42.80 / 38
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