Reversal opportunity in Sprint $sEntry level $5.28 = target price $6.05 Stop loss $5.08
The chart and stock performance has been a disaster but there lies the opportunity.
This is the 4th week that the stock has sat on support which has also led to seller exhaustion.
maybe its time to reverse course.
Short squeeze potential with 14% sold short.
Sprint Corp. is a holding company which engages in the provision of telecommunications services. The company operates through the Wireless and Wireline segments. The Wireless segment offers a variety of wireless voice and data transmission services, devices and accessories, and equipment rentals from devices leased to customers. The Wireline segment delivers wireline voice and data communications services to domestic and international companies, businesses, and consumers. The company was founded on October 5, 2012 and is headquartered in Overland Park, KS.
Trade ideas
The Short Call Is Still Bullish HereBrought to my attention in this article last week: Is Sprint Corporation (S) At Risk Of Becoming A Penny Stock?
Several valid points on this front, namely how Sprint continues to "F" up and find something to blame it one but themselves. I'm surprised TMUS is still entertaining this at the bid price they said. I would think that it would probably be much less considering the red tape and issues that have come up over the years, including this year.
"It’s unfortunate but according to several sources, Sprint has “for years failed to accurately measure” the number of low-income Americans it services. This is specific to the federal plan called the “Lifeline Program,” which offers communication services at an affordable price for low-income consumers. It essentially gives discounts for monthly phone service as well as internet access and even VOIP services. These all need to be purchased from a participating provider who, in turn, is granted subsidies for participating. Now, the FCC won’t let Sprint be."
Quote source from the article cited above. I'm cautious on S right now especially after looking into things myself. Not giving any advice here at all but there are way more negatives for me on this than positives. Even if they can clean up their act, what's to say it won't happen again like it has multiple times already? The real losers here are shareholders and TMobile (if they're locked into this deal).
Thoughts?
SPRINT - DAILY CHARTHi, today we are going to talk about Sprint Corp and its current landscape.
Sprint Corp enters in the spotlight of the market as T- Mobile has announced that John Legere will leave the seat of CEO of the company, been replaced by Mike Sievert in April 2020. The former CEO that has been leading the company since 2012 will remain a member of the board. Its replacement Mike Sievert is the current president and chief operating officer (COO). The transaction period seems set to be smooth as Legere will assist with the acquisition process of its rival company Sprint, that it's controlled by Softbank that also holds control of WeWork, where Legere its quoted to be the new CEO.
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We are bullish on Sprint(S) for the medium termThe short term market consensus for Sprint(S) have change to Bullish as at October 16,2019
We will execute Buy Signal at $6.44 with a Stop Loss at $4.57 targeting $12.668
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SPRINT (S) $7 CALLS BULLISH POSITIONI bought Sprint calls
I think it will break $7
The contracts expire on Friday
$7 strike price
I paid .05c per contract
I bought 10 calls, so i paid $50 for this position.
$50 max loss if the contracts expire out of the money.
If Sprint goes back to $8 by Friday $950 profit.
$S FANTASTIC Strangle Opportunity$S options are priced for a great short strangle opportunity. Black lines represent the break-even points for the JUL19 6/7 short strangle at 4.68 and 8.32, accounting for about a 27% move in stock price by July expiration. With the T-Mobile merger now in an expected wait period due to State lawsuits, its possible that the deal either 1) doesn't happen at all, or 2) happens later than July 2019. If the deal DOES happen before expiration, then the stock price jump's effect on the strangle would be negated by crushed implied volatility. Margin requirement is obscenely low due to a stock price under 10 - it would just not make sense to play this!
S Possible BreakoutPossible breakout of multi-day channel as seen on 15m chart. Will look to get long before breakout with tight stops.
Long entry around 6.93 with support around 6.90. If stop is triggered, likely opportunity to enter at lower price.
Long entry around 6.61 with support around 6.58.
Price targets at 7.45, 7.65, and 7.90.
Information contained herein is not intended to be a source of investment advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.
$S Sprint is super hot today!Hi there! The price skyrocketed, reaching the $7.6 per share, because in the today's news FCC Chairman Ajit Pai tells Bloomberg: "In light of the significant commitments made by T-Mobile and Sprint as well as the facts in the record to date, I believe that this transaction is in the public interest and intend to recommend to my colleagues that the FCC approve it.”
This deal could trigger a new global trend for the Sprint share price, so if the price will break through the strong resistance level at $8 - $9.2 per share, this will definitely the proof of new uptrend.
Sprint: Death Cross on 1D pointing lower.Sprint made a Death Cross on 1D last week (MA50 crossing under MA200) on bearish RSI = 38.934, MACD = -0.125, Highs/Lows = -0.1518. The same pattern has been spotted 3 times in the past, all of which resulted in massive loss in value (roughly -41.50%, -52.30% and -47.80% respectively). Assuming it follows a similar pattern, an equivalent of the last Death Cross (which was the "weakest") will pull the price down to $3.25. It is definitely not a good time for investors to enter Sprint. Traders may look to start adding shorts using the previous Lower High as stop loss.
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4/27 In a downward range, Last attempt to break out failed.Three black crows candlestick pattern at top of range (Kinda a valid range, not really)
-Last three daily candles have been good-volumed selling, bears dominating, no bullish wick at all.
-earnings on 4/30, not expecting good news
Could see it at the least test the middle of that range, somewhere around that 5.25 mark, then willing to bet it'd continue
$S SPRINT FALLS OUT OF BED WITH T-MOBILEThe department of Justice seems to be about to scupper plans of the proposed merger Of Sprint and T-Mobile, of course this stance could change very quickly so be very careful it shorting to place a tight stop loss, any good news could result in quite a pop in price and earnings are also approaching.
S longI could see 10$ easily if they could get their act together. I work for them indirectly and the place that I work is the most inefficient place you can imagine and the turn over rate is off the hook.
People are calling, because they have problems paying their bill and we are told to upsell them. Since I don't care and they can fire me at any time, I try to go out of the way to help the customer and help them reduce their bill. So they can stay with sprint. full disclosure I am a share holder, so I guess i see it differently. Most of my coworkers just want to make the 20$ NBA bonus. LOL
If they changed their model of upselling and instead focused more on trying to retain the customer by incentivising line retention. This company could go to the MOON.
Long Sprint (S)Weekly:
Cup&Handle formation
Basically price is consolidating and I am expecting price to move.It may move sharply up or down. I am expecting this due to the BB Bands width getting narrower and narrower.
Given that the moving averages are supporting price expecting price to move upward. Further last Weekly bar was a bullish engulfing pattern signaling strength.
Daily:
Break of the Upper Bollinger band confirming momentum to the upside.
Positive Divergence on the MACD to the upside
Symbol: S
Trade: Long Calls
Strike: $7.00
Expiration: 05/17/19
Cost: $.30
Contracts: 4x
Total cost = $120.00






















