A Bearish Sign Appears On T-Mobile US's Chart
Portfolio Pulse from Benzinga Insights
A bearish 'death cross' has formed on T-Mobile US's (NASDAQ:TMUS) chart, indicating a potential downtrend for the stock. The death cross occurs when the 50-day moving average moves below the 200-day moving average, signaling a change in the long-term trend.
June 07, 2023 | 2:49 pm
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T-Mobile US's chart shows a bearish 'death cross', indicating a potential downtrend for the stock. Seasoned investors may consider short positions based on other factors.
The appearance of a 'death cross' on T-Mobile US's chart is a bearish signal, indicating a potential downtrend for the stock. This technical analysis pattern suggests that the long-term trend is changing, which could lead to a decrease in the stock price. Seasoned investors may use this signal to start considering short positions based on other factors, such as price levels and company fundamentals.
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