[May 21, 2013] Verizon Communications Set to Possibly Rebound After Yesterday's Selloff of 1.27% Tweet May 21, 2013 (SmarTrend(R) News Watch via COMTEX) -- Verizon Communications (NYSE:VZ) traded in a range yesterday that spanned from a low of $51.95 to a high of $52.78. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $52.60 on volume of 11.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion. In the past 52 weeks, shares of Verizon Communications have traded between a low of $40.51 and a high of $54.31 and are now at $52.06, which is 29% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.3%. SmarTrend recommended that subscribers consider buying shares of Verizon Communications on February 1st, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.48. Since that recommendation, shares of Verizon Communications have risen 18.6%. We continue to monitor VZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]