12May9:50 amEST
Age/Sex/Location/Pic/Wanna Cyber Buyout?
News of Verizon buying out AOL this morning for $4.4 billion is pretty much about what you would expect in an aging bull market, when firms with brand maturity hook up with each other, or in the case of AOL can salvage becoming entirely obsolete through bull market risk appetite and liquidity.
But another, less bullish issue would the VZ daily chart, below, and its failure to hold the ascending triangle breakout (highlighted). I would key off $49 here to see if it now holds as support, or I would expect another leg down from here.
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