The Charts Say T-Mobile Is Taking Market Share

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 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 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.

About Nicholas Santiago 576 Articles

Affiliation: InTheMoneyStocks.com

Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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