Every year I travel with my family to my parents home in Virginia during the Christmas break. I know a lot of people that cannot make that trip back home though. They are left to talk on the phone or text each other. For them the invention of the cell phone and texting is a revolution. It is sad but it also brings to mind a couple of trade ideas.
The stocks of a couple of the small wireless cellular companies are on the cusp of a breakout. What if you could also benefit from the price move in the company stock of the cellular provider you use?
United States Cellular (NYSE:USM), is one of those companies. Since June the 39.30 level has played an important role in the stock price. Acting as both support and resistance at some points, it is coming into play for the 4th time. This time it has a rising RSI on the edge of a move into the bullish zone, and the MACD is rising and bullish. Look for a move over 39.30 to send this stock higher.
Vonage Holdings (NYSE:VG), is another one ready to take off. It consolidated in a bottoming process since late May and is pushing higher now. A pullback to the support/resistance zone between 3.75 and 3.85 might be the last test before a turn higher. The pullback is working off the overbought condition on the RSI while the MACD continues higher. You could try it here against a stop at the bottom of the range or wait for it to start back higher.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.