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.