SPRINT CORPORATION (S) WeeklyDates in the future with the highest probability for price direction reversals
S trade ideas
Sprint is certainly sprinting for $9.00With the recent merge of Sprint and T-Mobile, we watched the stock pump 70% after-hours. Yesterday I decided I'd be a bit more patient with Sprints movement, only entering with a semi-small account at $8.28 (at time of publish, up $.4856 per share). I than used this to determine likely movement to today and decided to buy call a few hundred contracts with a strike of $9 by Feb. 14th, although I wasn't entering this trade thinking I'd stick around. Within about 2 hours I had reached my target and decided to pull out. Sprint looks like it most definitely can push above $9, waiting for the breakout of this bilateral triangle (meaning prices can dive either way). As I come to the end of writing this, I've decided to re-enter if we can breakout before the market closes.
DotcomJack
Please do your own research before investing. I am not providing financial advice nor am I a financial advisor.
Sprint: Triangle bullish break-out. Aiming above $15.00.Following the merger approval, Sprint hit our short term target zone of of 6.10 - 6.25 much sooner than expected as shown on the chart below:
Our attention now shifts towards a much more long term time frame, as the stock broke above its multi year Triangle on the 1W chart, with the RSI crossing above the 70.000 mark for the first time since February 2017 (RSI = 71.642).
The 1W MA50 was also crossed and with the RSI pattern resembling the 2016 run, we have formed the modelled the next Target Zone at 15.80 - 19.00.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
S = SPRINT bought out by TMUSanother company that we will not have charts for soon
S , Sprint is in the cell phone bizz
and being bought out by TMUS ie T-Mobile
if the regulators do not think this merger should have been allowed
then they should have stopped verizon from buying back the other baby bells that were split off from AT&T !
And the AT&T now is actually Southern Bell
Southern Bell that bought the poor remnant of AT&T
* I might have the actual details a little off ] *
do any ways , enjoy
Sprint Corp Jumps on favourable ruling
Monster gaians for recent traders and some much needed respite for long suffering investors.
Lets see what Tuesday brings and the details of the Judges decision,
Will definitely not be chasing this at the open.
$S Is A Smart Long-Term PlayWe believe the bottom is in on $S. While the stock won't give you huge returns overnight, we think $S will keep climbing at a nice, steady pace. If you're a long-term investor, that's all that matters. $S will run into some strong headwinds at $6.50, but if it clears that hurdle, the sky is the limit. With Softbank as $S largest shareholder and its upcoming merger with T-Mobile, we believe $S is a smart long-term bet.
Sprint Corporation, together with its subsidiaries, provides a range of wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the United States Virgin Islands. It operates in two segments, Wireless and Wireline. The Wireless segment offers wireless data communication services, including mobile productivity applications, such as Internet access, messaging, and email services; wireless photo and video offerings; location-based capabilities comprising asset and fleet management, dispatch services, and navigation tools; and mobile entertainment applications. It also provides wireless voice communications services that include local and long-distance wireless voice services, as well as voicemail, call waiting, three-way calling, caller identification, and call forwarding services. In addition, this segment offers voice and data services internationally through roaming arrangements; and customized wireless services to companies and government agencies, as well as sells handsets, tablets, and hotspots. The Wireline segment provides wireline communications, which comprises domestic and international data communications using various protocols, including multiprotocol label switching technologies, Internet protocol (IP), managed network services, Voice over IP, and session initiated protocol services to other communications companies and targeted business subscribers. Sprint Corporation offers its services under the Sprint, Boost Mobile, Virgin Mobile, and Assurance Wireless brands. Sprint Corporation has strategic partnerships with Inseego Corp. to deliver IoT solutions for aviation, transportation, logistics, and manufacturing industry verticals; and CalAmp Corp. to deliver intelligent telematics devices and software applications. The company was founded in 1899 and is headquartered in Overland Park, Kansas. Sprint Corporation is a subsidiary of SoftBank Group Corp.
As always, use protective stops and trade with caution.
Good luck to all!
On the rebound PT 5.32 plus chance for great longOn the rebound PT 5.32 plus chance for great long. Keeping it on watch!
Sprint a great time for a long-term pickSprint a great time for a long-term pick
Hey InvestmentCoachChris everybody. Don’t forget to visit www.investmentcoachchris.com
Look at the end of the day you have the opportunity to buy a piece of a company that’s going to eventually go up to the question is just when.I think if you’re looking to get a cheap two dollar stock that could be as high as $10 in the next few years you know that’s not a bad investment if you don’t have a better pic that being said we’re always looking for a best deals possible
Sprint bottom feeding
Expectations low and commentary non existent for Sprint Corp so maybe its time to consider
a reversal trade in the stock, Its so bad n one is even talking about it.
The price has found support.
Indicators are in reversal and in bullish trajectory.
Short interest high at 14%.
Sprint: On a possible bottom. Conditions for buy.Sprint posted a strong rebound yesterday as it found Support on the 4.80 - 4.70 Zone. At the moment it is still on a strong 6-month Channel Down (1W RSI = 34.548, MACD = -0.393, ADX = 48.905, Highs/Lows = -0.4078) but the conditions for a long term bullish reversal may have already started to emerge.
The strongest bullish confirmation would be a break above the 1D MA50. As you see on the chart that would coincide with a cross over of the Lower High trend line of the 6 month Channel Down (dashed line). Additionally the RSI may be repeating the bottom sequence of early 2018.
If the 1D MA50 gets crossed, we will buy targeting the 6.10 - 6.25 Zone.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
Short On $S Just Hit New Milestone: Penny StockWell... it finally happened. Sprint NYSE:S TMUS is now on everyone's list of penny stocks after this week. Shares dropped below $5 on Thursday and firmly closed near its low of the day on Friday. Next week will be interesting to see closing arguments to the opposition so this could either be a blowout or a blow-up.
"On Friday, a Washington, D.C. federal court set January 24 as the deadline for briefs in its Tunney Act proceeding. According to its definition, the Tunney Act, 'requires federal courts to review each consent decree in civil antitrust cases filed by the DOJ to ensure that the remedy proposed in the consent is in the public interest.'
Two US agencies already rubber-stamped the deal but the multiple state attorneys general in several states have gone against the grain. Closing arguments in these lawsuits are scheduled for Wednesday. If the states win, the Tunney review is basically a wash. However, if the companies come up with a “W,” there could be a chance the two respective executive teams will work towards swift close to the transaction."
SOURCE: pennystocks.com
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.
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?
$S I am short on it, huge sell volume, plus large H&SWe'll see how it turns out, but imo a drop is coming.
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.
Thank you for reading and leave your comments if you like.
To have access to our exclusive contents, join the Traders Heaven today! Link Below.
Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.
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
Trading is risky
There is a substantial risk of loss in futures and forex trading. Online trading of stocks and options is extremely risky. Assume you will lose money. Don't trade with money you cannot afford to lose.
Sprint bullish CypherThere is a bullish Cypher forming on Sprint. One might trade this with a $6.00 entry. A stop slightly below X would be around $5.40, with profit taking levels at $7.88 and $8.06.
S_Trading RangeContinues to be stuck in a 4-month trading range. Testing the 7.00 resistance level again. If it breaks above 7, next resistance would be the midpoint at 7.25.
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.
