Verizon is expected to release quarterly earnings of $1.29 a share on revenue of $33.78 billion.

Verizon is set to release its quarterly earnings today. Overall, the earnings this week have been solid, hopefully, this can continue in the last trading session of the week. From a technical aspect, its current shares are trading at $37.04. Applying the Fibonacci retracement to the chart, minor resistance sits at $37.34 followed by a major resistance level at $37.69 (just above the 50% fib). A break above the major resistance level could see the stock's share price head towards the next fib level of 61.8%. Towards the downside, the first support level sits at $36.61 followed by a major support base at $36.24, which is based just above the 23.6% fib. A break below the major support base could see the stock fall towards its lowest point since 2011. Looking at the indicators, RSI is positive as it reads 52 but MACD is neutral. Nevertheless, investors should be wary of the earnings.