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American Stocks Analysis

May 29, 2024 5:49 AM

Verizon Communications stock price (VZ) fell in the intraday levels amid the dominance of the downward correctional wave in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.

Therefore we expect more losses for the stock, targeting the first support at $38.56, provided the resistance of $40.60 holds on.

Trend forecast: Bearish

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