Shares of Verizon Communications Inc., one of the largest American telecommunications companies, are trading within a medium-term downward trend, forming a corresponding channel. In mid-October, the price reached its lower limit in the area of 38.28 (Murrey level [–2/8]), but was unable to break it down and resumed growth, after which it entered the sideways range of 41.41–39.84 (Murrey level [6/8]–[2/8]), currently approaching its lower limit.