Entering text into the input field will update the search result below

The Charts Say T-Mobile Is Taking Market Share

Jan. 22, 2014 12:16 PM ETTMUS
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Seeking Alpha Analyst Since 2009

InTheMoneyStocks.Com is a research and consulting company focused on mathematical proprietary techniques along with a key understanding of price, pattern and time. Through understanding geometry and other technical analysis methods, InTheMoneyStocks.Com prides itself on avoiding Wall Street hype while calling major and minor moves in the DOW, NASDAQ and S&P, commodities, currencies and stocks. Mission Statement: Our goal is to provide accurate and precise market guidance without the Wall Street hype.

Almost every day we hear about how great all of the mobile providers are in commercials that run continually on Television and other media outlets. For a while now leading mobile telecom provider Verizon Communications Inc. (VZ) has been the king of the hill. The other leading mobile telecom companies have been AT&T, Inc. (T), and Sprint Corporation (S).

A year ago nobody would even mention T-Mobile US Inc (TMUS) as a market leading mobile provider, but today the stock chart of T-Mobile (TMUS) stock is painting a different picture. The stock is now a takeover candidate if you look at the sideways base it is making on the daily chart. The weekly chart could be setting up for a breakout move in the next few weeks. Usually, the stock charts don't lie and this stock looks attractive.

Recently, T-Mobile (TMUS) has made a push to get new subscribers by covering the early termination fee from consumers other mobile providers. Recently T-Mobile merged with Metro PCS. Since that time the product has become much better. T-Mobile is even moving into the banking sector cashing checks without charging excessive fees. Personally, I could care less about the story, but the daily and weekly stock chart of TMUS stock makes me think this is a company that traders and investors must keep on the radar.

Nicholas Santiago
InTheMoneyStocks.com

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.