Near-Term Correction for T-Mobile US

The rally in T-Mobile US (TMUS) could slow in the near-term. TMUS has rallied strongly in the past year but a flattening On-Balance-Volume (OBV) line and a bearish divergence from the daily Moving Average Convergence Divergence (MACD) oscillator suggest prices could take a rest before climbing further.

In this daily chart of TMUS, below, we can see that prices tested the rising 50-day moving average line in January. The 200-day moving average line is rising, but it could be said that prices are too far above this indicator. Sometimes when you get too far away from a moving average there is a movement back towards the average....169 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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