Verizon Looks Vulnerable to Further Erosion

Verizon Communications  (VZ) has seen rallies and declines over the past 12 months. But the current bout of weakness since the beginning of January does not look like it has run its course and investors and traders should be cautious about new positions.

In this one-year daily chart of VZ, below, we can see a rally from $46 to short of $55 from November to early January. From this early January peak, VZ quickly gave back most of the rally. Prices are below the declining 50-day moving average line and the declining 200-day moving average line. ...181 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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