Chart of the Day - Verizon Communications (VZ)

The "Chart of the Day" is Verizon Communications (VZ), which showed up on Friday's Barchart "52-week High" list. Verizon on Friday posted a new 2-year high and closed up 0.39%. TrendSpotter has been long since April 25 at 39.48. In recent news on the stock, Credit Suisse on May 11 upgraded Verizon to Outperform from Neutral and raised its price target to $45 on expectations for margin expansion. Verizon Communications, with a market cap of $117 billion, in the largest provider of wireline and wireless communications in the United States and is also the world's largest provider of print and on-line directory information.