InTheMoney Stocks

The Charts Say T-Mobile Is Taking Market Share

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Almost every day we hear how great all of the mobile providers are in commercials running continuously 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. However, today the stock chart of T-Mobile ( TMUS             ) 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 one 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. T-Mobile also 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             makes me think this is a company that traders and investors must keep on the radar.

Nicholas Santiago
Yep! Consolidation creating a nice bullish base and a Bull Flag ... for further up move.. Agree!
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