Verizon Communications: Time for a New Plan?

In watching all the ads on TV lately, Verizon Communications (VZ) seems to be facing more competition in the marketplace -- and a weakening chart picture, too. Is it time to look for a new phone plan, and maybe a new investment? Let's ring up the latest charts and indicators.

This daily bar chart of VZ going back twelve months, below, shows some upswings and several downdrafts. Traders who rely on moving average signals or crossovers would have been whipsawed several times. The price action since November is of more concern to me. The price rally from mid-November until early January created a bearish divergence -- with the higher price highs but weaker momentum readings (lower panel)....173 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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