A sell-side firm has rated the shares of T-Mobile (TMUS) a new "outperform" with a $159 price target. Let's check out the charts and indicators to see if we should answer the call.
In this daily bar chart of TMUS, below, we can see a bottom formation from September. The shares show a "neckline" around $135 and look ready to break out over this chart barrier. TMUS is trading above the rising 50-day moving average line and above the still declining 200-day line.
The daily On-Balance-Volume (OBV) line made a low in late January and has turned modestly higher telling us that there has been a shift from aggressive selling to aggressive buying. The Moving Average Convergence Divergence (MACD) oscillator just turned up above the zero line for a new outright buy signal.