Verizon Communications stock price (VZ) continued to rise in the intraday levels, amid the dominance of the main upward trend in the short term, with positive pressure from the 50-day SMA, while readying to tackle the pivotal resistance of 43.20, with positive signals from the RSI despite reaching overbought levels.

Therefore we expect more gains for the stock, targeting the resistance of $45.70, provided the initial resistance of $43.20 was breached.

Trend forecast: Bullish