Time to Switch to T- Mobile

• Posted by Greg Harmon
• on March 20th, 2014

The CEO of T-Mobile, $TMUS, John Legere, has re-imaged the company as a customer friendly no long term contract mobile company, and himself as a hipster, wearing magenta and Batman outfits. It seems to be working on the stock price. Technically the chart of the stock price had a big run higher in December to end the year and has been consolidating. That consolidation has been tightening in a symmetrical triangle and is now testing the top of it. A break over the top carries a target initially of 37 and then 40. The momentum indicators, Relative Strength Index (RSI) and MACD also support a move higher. Look for the break over 32.50 to confirm the trade.

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