Sprint (S): Turning around after a negative view and series of events. Climbing out of oversold levels but I do see further upside potential.
Strong support at $18.50. Plus positive headlines can get fundamentalist interested in the name:
Sprint (S) announced Monday that it will reduce the price of music purchased through the Sprint Music Store to 99 cents starting in early April; the same as on Apple's (AAPL) iTunes or the Real Music Store.
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The positions and strategies discussed on MarketTakers are offered for entertainment purposes only and are in no way intended to serve as personal investing advice. Readers should not make any investment decision without first conducting their own thorough due diligence. Readers should assume the editor holds a position in any securities discussed, recommended or panned. While the information provided is obtained from sources believed to be reliable, its accuracy or completeness cannot be guaranteed, nor can this publication be, in any way, considered liable for the future investment performance of any securities or strategies discussed.
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Dear Readers
The positions and strategies discussed on MarketTakers are offered for entertainment purposes only and are in no way intended to serve as personal investing advice. Readers should not make any investment decision without first conducting their own thorough due diligence. Readers should assume the editor holds a position in any securities discussed, recommended or panned. While the information provided is obtained from sources believed to be reliable, its accuracy or completeness cannot be guaranteed, nor can this publication be, in any way, considered liable for the future investment performance of any securities or strategies discussed.
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