Sprint Tries To Breakout

InTheMoneyStocks.com (Gareth Soloway) Stock Markets Apr 09, 2018 02:49PM ET By

www.investing.com/analysis/sprint-tries-to-breakout-200304134 Sprint Tries To Breakout By (Gareth Soloway) | Apr 09, 2018 02:49PM ET By InTheMoneyStocks.com | Apr 09, 2018 02:49PM ET

Follow Shares of Sprint (NYSE: ) have been under a ton of pressure since early 2017, as word leaked out that the T-Mobile deal was unlikely to happen. The stock fell from nearly $10 to its current $5 range. However, even with the tough market conditions, the stock is showing signs of life. Just in the last week, Sprint jumped from its 52-week low of $4.81 to $5.22. This $5.22 level represents the daily 50-day moving average and a major trend-line resistance point (as seen on the chart below). If the stock can break above this level, a major breakout is likely to start. There is significant upside on Sprint if this happens, with an upside target of $6.75. Sprint's Trend-Line Resistance

Sprint Tries To Breakout

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