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AS OF

May 8 closing price

Price

$39.47

Change

+$0.17 (+0.43%)

Capitalization

176.65B

74 days until earnings call

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VZ Stock Tickeron detected bearish Stock Pattern: Cup-and-Handle Inverse on May 06, 2024

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05/07/24

Cup-and-Handle Inverse

VZ - Verizon Communications

Emerged: 05/06/24

Breakout: $38.76

Price: $39.33

Target price: $37.41

A.I.dvisor detected a bearish Cup-and-Handle Inverse pattern for VZ stock. This pattern was detected on May 06, 2024 . The odds of reaching the target price are 6. The Inverted Cup-and-Handle (sometimes called Inverted Cup-and-Holder) pattern forms when prices rise then decline to create an upside-down “U”like shape (1, 2, 3, also known as the Cup), followed by a shorter relatively straight price increase that bounces from the right lip (from 3 to 4, creating the Handle). Consider selling the security short or buying a put option at the downward breakout level. The confirmation move is the breakout of the price below the right cup lip.

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