This post was just published on ZYX Buy Change Alert.
Signal(s) with great record in similar situations but does not meet our stringent criteria. This is not an official signal and risk is higher but has merit and many subscribers may be able to take advantage.
There are more rumors of merger between S and TMUS.
If you are also holding TMUS, then this is a short term trade. If you are not holding TMUS, then this has the potential to turn into a long-term investment.
If a merger occurs, the stock of S is likely to be exchanged for the stock of TMUS.
Short-term target zone is $8.50 to $9.
Stop zone is $6 to $6.58.
Tentative plan is to buy more S if there is a dip into the zone of $7 to $7.33 for a maximum of 35% of the full core position size.
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