Sprint is poised for a tremendous move to the downside. This move will be a violent move down, when this information regarding the SoftBank cash infusion is made public. There are major issues going on with the deal, and the FCC still has not approved it due to these reasons. Beware!
Sprint is going to fall hard! SoftBank is going to pull out of the 20 billion cash infusion deal.(inside sources). Sprint also faces overwhelming competition from all the carriers. Technical analysis also show the moving averages have overlap and is signaling a strong sell signal. Get of out Sprint now!! It could easily lose all of the years gain and fall back to...
Sprint has a beautiful chart right now and it's hard for me not to play it. $2.35 entry point, stop-loss at $2.20 or a little under. Playing for the 21.3% swing, shouldn't be much longer. Good luck to all!
