BELLEVUE, Wash. – T-Mobile US Inc. (TMUS) posted a robust performance on Friday, with shares rallying significantly throughout the session to close on a high note, suggesting a strong start to the upcoming trading week.
The wireless carrier closed the day at
3.34, or 1.41%. The stock was a picture of strength all day, opening at
241.35**. After hitting this high, the stock entered a healthy consolidation phase, holding its gains firmly above the key $240 level into the close.
A negligible dip in after-hours trading to $240.55 is being viewed by analysts as minor profit-taking and does not detract from the overwhelmingly positive sentiment established during the main session.
Outlook for Monday:
The outlook for T-Mobile on Monday is firmly bullish.
The stock’s ability to not only achieve a strong gain but also to maintain those gains throughout the afternoon is a classic sign of buyer control and underlying strength. This price action suggests that the momentum is likely to carry over into the new week.
Investors will be watching for the stock to challenge and break through its intraday high of $241.35. A successful move above this level would confirm the continuation of the upward trend. Given Friday’s powerful and sustained rally, T-Mobile is well-positioned for potential further gains when the market opens on Monday.
