Today’s instrument is Verizon Communications Inc. which is traded on NYSE under the ticker VZ.
Looking at the VZ’s chart of the past days, we can see that it is in a downward trend, currently traded at around $47.74.
Today it is announcing its quarterly earnings and if the market’s anticipation is positive then it could rise towards its resistance level at around $49 otherwise it should fall towards its support level at around $46.20.
(Click on image to enlarge)
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