Long Position on USM @ $45.40 on 10/8/2018 (Momentum)

#Bullish #Flag on $USMUnited States Cellular Corporation (USM) provides wireless telecommunications services in the United States.

The company offers postpaid and prepaid service plans with voice, messaging, and data usage option services; and smartphone messaging, data, and Internet services, which allow the customer to access the Web and social network sites, e-mail, text, picture, and video messaging, as well as to utilize GPS navigation, and browse and download various applications.

It also provides roaming services; machine to machine solutions and software applications in the areas of monitor and control, business automation/operations, communication, and asset management; wireless devices, such as handsets, tablets, mobile hotspots, home phones, and routers; and accessories comprising wireless basics, such as cases, screen protectors, chargers, and memory cards.

In addition, the company offers assortment of consumer electronics consisting of headphones, speakers, wearables, and home automation products. It serves approximately 5.1 million customers, including retail consumers, governments, and small-to-mid-size business customers in construction, retail, agriculture, professional services, and real estate industries.

The company provides its products and services through retail sales, direct sales, third-party national retailers, and independent agents, as well as Website and telesales. As of December 31, 2017, it operated 256 retail stores and kiosks.

Shares have broken out of bullish "flag" and higher share prices are expected for this stock. 

Entry Point: $45.40

Stop Loss: $43.10

Trading Range: $32.06 - $46.00

Target Price: $49.95

Updates

11/2/2018 11:26:45 AM

USM closed at $52.77

Position closed on 11/2/2018 at price of $52.77 with a 16.23% gain in 25 days.

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