Shares of Verizon Communications Inc., one of the largest American telecommunications companies, have been adjusting to a medium-term uptrend for the second month in a row: the price reversed around at 42.97 (Murrey level [7/8]), moved into the negative part of the Murrey trading range and is currently actively testing the reversal mark of 39.06 (Murrey level [2/8]), consolidation below which wil allow the quotes to continue the decline to 37.50 (Murrey level [0/8]) and 35.94 (Murrey level [-2/8]).