Thursday brought huge volume after earnings report and a small bounce off support. Above average volume on Friday was able to keep Sprint from closing below its lows on 4/28. There is very noticeable momentum divergence to go along with this price level as the MACD histogram has been making a series of higher lows at this level. Looking for a 15% move for this...
Sprint is expected to report a smaller loss than in the first quarter as a massive network overhaul comes close to an end. Investors will look for any update on the company's planned $32 billion bid for T-Mobile, expected to be announced in the next few months. The bid has met with skepticism from regulators, who worry it could reduce competition in the...
MA200 providing support- for now. I believe in more downside until a reversal trend occures. It is making lower lows- that is a good sign. There is a good support @ around $6 and if that is not holding, maybe the next step is the L3?
