Can this stock run before its earnings release? [Trade of the Day Wake-Up Watchlist] Nate Bear, Lead Technical Tactician, Monument Traders Alliance [Nate Bear] Believe it or not⦠My âcrystal ballâ is still in the shop. Without it, Iâll have to rely on a tried-and-true method. Which is to buy strong stocks in areas of support. And thatâs what weâve got a chance to do with T-Mobile (TMUS) currently. Shares of the stock took a hit on Monday in sympathy to poor earnings results out of Verizon Communications (VZ). While both companies generate the majority of their revenues from wireless services, they operate differently. T-Mobile's superior performance is evident in its stock price, up 28% over the last year compared to Verizon's 16%. [Legendary CBOE Trader Reveals: Make This ONE Trade
Every Time The Government Drops Economic Reports]( [Secret Loophole]( 12X's per year... Target Up to 383% OVERNIGHT! [Discover The JOLTS Loophole]( I view its recent dip as an opportunity to add TMUS to your watchlist, with potential for a long position. The stock has pulled into a buy zone at the 20-day exponential moving average, a level it has closed above for the last two months. It is worth noting that T-Mobile has earnings on July 31, 2024. So while I do like this setup, and [I do have an options position in T-Mobile]( , Iâm looking at this with a very short term outlook. This watchlist addition is particularly relevant for those interested in playing a potential pre-earnings run-up. I believe the best play to trade earnings is either before the release, which is playing for a potential run up, which is what I'm doing here. And exit before it announces. I will trade the stock again after its earnings release if it shows me the right pattern. While I don't know if this trade will work, over the last four earnings, the stock has risen by nearly one percent on average, 8 days before its earnings release. Action Plan: A lot of charts Iâm looking at are messy looking given the volatility in the market the last two weeks. However, TMUS has a good looking chart, and its current price is near my buy zone. Yesterday I initiated a position via call options in my [Profit Surge Trader Portfolio.]( [If youâd like to discover all the details behind my trade and many others, click here for further details.]( [Trading Legend Reveals New AI-Powered Tool]( [Nate Bear]( Nate Bear, the trader who turned $37k into $2.7 Million in 4 years, just revealed his groundbreaking wealth-building initiative... A cutting-edge trading research tool powered-by AI that is finding explosive setups at an UNGODLY speed. See the details for yourself: [ Watch The DEMO Here]( [Monument Traders Alliance] Monument Traders Alliance You are receiving this email because you subscribed to Trade of the Day Wake-Up Watchlist.
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