T-Mobile US, Inc. (NASDAQ: TMUS) shares rose on Friday January 13 on lower trade volume than normal after a number of analysts weighed in on the investing value of the stock and reiterated thier respective ratings.
Meanwhile, The Dow Jones Industrial Average DJIA, -0.03% slipped 5.27 points to close 19,885.73, moving in a roughly 100-point range all session. For the week, the blue-chip index is off 0.4%.
U.S. financial markets will be closed Monday for Martin Luther King Jr. Day.
The S&P 500 index SPX, +0.18% added 4.20 points, or 0.2%, to end at 2,274.64 for a weekly loss of 0.1%, and the Nasdaq Composite Index COMP, +0.48% climbed 26.63 points, or 0.5%, to finish at 5,574.12, its sixth all-time closing high in seven trading sessions.
Analysts at RBC Capital Markets reiterated a Buy rating on shares of T-Mobile US, Inc. (NASDAQ: TMUS) in a reserach note to investors, making it one of the more actively watched stocks on Wall Street. The company currently has a rating of Buy on the stock. As a means of comparison, a number of other analysts have issued reports on the stock in recent days, and T-Mobile US, Inc. has secured a consensus one-year price target of $60.00, higher than the opening price of $57.25, a difference of 10.49 percent. T-Mobile US, Inc. stock has a 52-week high of $59.46. Share prices often trend to the upside on recommendations and new price targets of professional brokerage firms.
Shares of T-Mobile US, Inc. (NASDAQ: TMUS) opened at $57.25 yesterday and traded in a range between, $56.69 and $57.85, and last traded at $57.19, a jump of $0.04 over the previous closing price.
T-Mobile US, Inc. (NASDAQ: TMUS) currently has a market cap of 47.13B.
T-Mobile US, Inc. (NASDAQ: TMUS) Average Daily Trading Volume
The stock’s average daily volume is 4,032,650 shares out of a total float 287,218,000 and some 1,973,738 shares traded hands yesterday, 80 percent lower than the average. lower than normal. Look for trading volume to pick up in the coming days as investors often use upticks in trading volume to identify heavy volume accumulation or distribution by institutional investors.
As with all potential breakouts, investors look for volume to be at least 40%-50% higher than normal on the breakout to show that fund managers and other professional investors are jumping in.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
Institutional investors such as these retain teams of analysts that research thousands of stocks, so it is good confirmation to see them buying a stock you are considering.
T-Mobile US, Inc. (NASDAQ: TMUS) Moving Averages
A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.
This is because the average acts like a floor (support), so the price bounces up off of it.
In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.
By tracking the activity of these professional investors—and the moving averages they affect—it allows for traders to make more effective decisions on trades.
Trades for T-Mobile US, Inc. (NASDAQ: TMUS) have ranged from $33.23 – 59.46, and the stock now has a 50-day MA of $56.52 and 200-day MA of $48.97. Today’s last price is 3.82%% below the 52 week high of $59.46.
Earnings growth is an important factor to research when investing in stocks and investors look for companies that have increased their earnings at least 25% or more for the past 3 years.
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