NTELOS Holdings Corp. provides digital wireless communications
services to consumers and businesses in Virginia and West Virginia, as
well as parts of Maryland, North Carolina, Pennsylvania, Ohio, and
Kentucky. It primarily offers wireless voice and digital data personal
communication products and services to retail and business customers
under NTELOS Wireless and FRAWG Wireless brand names. The company
provides network access, data services, feature services, and equipment
services; and an interactive Web presence, which offers customers with
access to their account, auto-pay billing service, and account
monitoring services, such as overage text alerts and other customer care
support. It serves consumer, small/medium enterprise, education,
municipal, and medical markets through approximately 3 regional call
centers, 61 company-operated direct retail locations, 384 indirect
retail distribution locations, and 459 third-party payment centers.
Take a look at the 1-year chart of NTELOS (Nasdaq: NTLS) with the added notations:
NTLS has held a very important level of support at $12 (green) for
most of the last 5 months. No matter what the market has done since
March, NTLS almost always found support at that level. Now, the stock is
approaching $12 again and that might provide another bounce higher.
The Tale of the Tape: NTLS has a key level of
support at $12. A trader could enter a long position at $12 with a stop
placed under the level. If the stock were to break below the support, a
short position would be recommended instead.
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