How T-Mobile's Momentum Could Catapult Its Share Value To $200 And What Lies Ahead
Portfolio Pulse from Zaheer Anwari
T-Mobile US, Inc. (TMUS) has seen its stock price soar over 2000% since June 2012. Despite facing challenges, the stock has shown resilience, especially with a 6% rally in December 2023 and a 15% increase for the year. The stock reached a new high after bouncing back from a support level aligned with the daily 20 simple moving average. Analysts suggest that if the stock maintains its pattern of higher highs and lows, it could potentially reach the $200 mark. TMUS closed at $162.54 on January 12, up by 0.23%.
January 18, 2024 | 12:31 pm
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POSITIVE IMPACT
T-Mobile US, Inc. has demonstrated significant growth and resilience, with a potential to reach the $200 mark if it continues its pattern of higher highs and lows. The stock's recent performance and technical indicators suggest a positive outlook.
The stock's over 2000% increase since 2012, recent 6% rally in December, and 15% annual growth indicate strong momentum. The stock's rebound from the daily 20 SMA support level and the potential to reach $200 based on its pattern of growth suggest a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100