tapkcir
Short

S - Short

NYSE:S   SPRINT CORP
32 0 1
Sprint             hit and appears to have rejected a resistance level of 3.9 with a dark cloud cover candlestick reversal pattern (the last candle opened above the close of the previous day, but closed down below its midpoint). Its RSI is also rather high.Based on historical support provided at 3.5ish back in November and December i predict that the stock will trend down and possibly consolidate between those two levels for a while. Over the next day or two a short position may exist. If the stock tries and rejects the support at 3.49/3.50, a long position may be possible with the expectation to take profits near its next approach to 3.9.
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