As shown on the chart above, VZ appears to be gaining institutional support, as evidenced by the multiple gaps up beginning on January 1. The stock has made a series of higher highs and higher lows, the definition of an uptrend. Now we see VZ pausing at its 200-day EMA. We will see if it’s turned back on this first attempt to break above it. If VZ does fail, watch for a upside reversal as a possible good entry point. See my 2006-1-27 posting for more information on Verizon and why it might be worth a look. Cheers!