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T-Mobile US (TMUS) Showing Bearish Technicals With Support At $59.15

Dec 07, 2017 ( via COMTEX) --

For a hedged play on T-Mobile US (<a href="">TMUS</a>) MarketIntelligenceCenter.comaEUR(TM)s patented trade-picking algorithms recommend the Feb 16, 2018 $60 covered call for a net debit in the $58.16 area. That is also the break-even stock price for the covered call. This trade will return 3.14%, or 16.17% annualized (for comparison purposes only), in 71 days. This covered call also provides 6.35% downside protection. The current 52-week low is $54.60 and the 52-week high is $68.88. T-Mobile US stock has been showing support around $59.15 and resistance in the $63.73 range. The stock closed Dec 6, 2017's trading session at $62.11. Technical indicators for the stock are bearish and S&P gives TMUS a 4 STARS (out of 5) buy ranking.

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