Verizon Communications Inc.(VZ) is in an uptrend but could lose its momentum

(23-May-2008) (23-May-2008) Verizon Communications Inc.(VZ) closed at 37.38, up 0.3 or 0.81 % for the day. Based on our analysis, Verizon Communications Inc.(VZ) is in an uptrend but could lose its momentum.

The closing price of Verizon Communications Inc.(VZ) is above its 50 day moving average of 37.13 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Verizon Communications Inc.(VZ) is losing momentum. Sustained loss of momentum could put the uptrend at risk. The MACD histogram crossed below the signal line on 20-May-2008, about 6 trading days ago.