T-Mobile Is in a 'Dead Zone' Between Moving Averages

We last "called" T-Mobile US Inc. (TMUS) in the middle of February, and we did not get a busy signal. After our review of the charts and indicators we concluded, "The longer-term trend remains bullish, but TMUS is likely to have a correction in the near-term. I would raise sell stops to a close below $56."

From the middle of February prices corrected sideways rather than to the downside. Sideways corrections are more bullish than downward corrections, in my opinion. Why? To me a sideways correction tells me that buyers are willing to enter around current levels as opposed to waiting for weakness to buy....274 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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