T-Mobile Stock Could Soon Swing Higher

TMUS boasts a marginal year-to-date lead

Deputy Editor
Feb 6, 2023 at 1:09 PM
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Shares of T-Mobile US Inc (NASDAQ:TMUS) are trending lower today, last seen down 2.1% to trade at $142.18 after MoffettNathanson downgraded the telecom to "market perform" on worries surrounding the company's growth. 

This pullback has TMUS now trading within one-standard deviation of its 160-day moving average -- a trendline that's acted as a springboard in the past. Per data from Schaeffer's Senior Quantitative Analyst Rocky White, the shares averaged a 21-day gain of 4.5% in six of the last seven times a pullback to this trendline occurred. A move of this magnitude would send TMUS stock at $148.58, not far off its Nov. 2 all-time high of $154.37.

TMUS Chart February 62023

On the charts, TMUS remains up more than 17.5% over the last 12 months. Options are an intriguing route, with the stock is seeing attractively priced premiums at the moment, per its Schaeffer's Volatility Index (SVI) of 24%, which sits in the 14th percentile of its annual range. It's also worth pointing out that the equity ranks low on the Schaeffer's Volatility Scorecard (SVS), with a score of just two out of 100. In other words, the security has consistently realized lower volatility than its options have priced in, making the stock a potential premium-selling candidate.

 

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