T-Mobile Stock is Dialed In Right Now

The telecom stock has pulled back to long-term support

Apr 11, 2023 at 12:27 PM
facebook X logo linkedin


The shares of telecom giant T-Mobile US Inc (NASDAQ:TMUS) are consolidating into their 12-month moving average, which has been a historical launching point for gains in terms of the stock's long-term uptrend. Last week, the equity climbed above $144, its 2021 closing high, and its March 2023 high at $146.63.
 
Adding to this bullish technical setup, last Thursday TMUS broke out above a trendline connecting lower highs since its November peak, and this breakout could help the aforementioned longer-term trend reassert itself.
 
Short interest climbed 43% from the end of January to the middle of March, and currently stands at a multi-year high and at a level where it has historically peaked. The average close during this build was $143.37, implying shorts are in the red and ripe to cover. It would take these traders more than four days to cover, too, at T-Mobile stock's average pace of trading.

Our recommended August call has a leverage ratio of 8.1 and will double in value on a 14.2% pop in the underlying equity.
 
Subscribers to Schaeffer's Weekend Trader options recommendation service received this TMUS commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.
 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI