I'm excited about the future of T-Mobile and have great respect for the leadership that John Legere has created. However, I believe the PE of 38.47 is way to high to be a buyer of the stock right now. My current buy targets (In Green) are between $58.50 and $61.73.
There are a few names popping up on my radar for earnings plays, but when I "look behind the curtain," they aren't that attractive ... .
TEVA, for example, announces on Monday, but it's an ADR, so it could be before market open or after market close or, indeed, not at all, but on some other day. It's tough to put on a volatility contraction play when you don't...
T MOBILE US is in a strong uptrend with more upside possible if the main rising trendline holds. I'm expecting one of the 3 levels on chart for possible profit taking with a major pullback. If the main trendline is broken this setup is no longer valid.
T mobile is gaining subscribers, I use them and quite like them no contracts full data and US Canada and mex much better than ATT and Sprint or Verizon. I think this could be a winner for longer term. Entry point makes a difference, check options longer term or look at stock
Rising wedge into upper BB and bearish macd divergence. 44.76 would be the ultimate short set up at 1.618. UTAD will be complete. 31.83 the most likely bottom target..
6 month Rounding Top.
Under 50 and 200 sma.
Vs S&P500 Relative break Down, under 50, 200 and horizontal resistance.
Holding under 37-38 price projects to 30.
