Wednesday, January 31, 2018 12:54:30 PM
Bullish Chart Setup On Sprint Corp
Shares of Sprint Corp (NYSE:S) have a strong bullish chart setup. One week ago, the wireless play put in a bottoming tail. Bottoming tails are bullish bottom signals, a likely reversal at hand. Since that bottoming tail a week ago, Sprint has consolidated in a bull flag pattern. This tells investors that odds favor a strong move up coming in the next few days. This $5.25 level is a great buy opportunity with a tight stop. Any daily close below the bottoming tail low at $5.10 would be the stop. That means the risk on this trade is only around $0.15 versus the upside target of over $6.00. Low risk, high reward, bullish stock chart setup on Sprint Corp.
Gareth Soloway
InTheMoneyStocks
Shares of Sprint Corp (NYSE:S) have a strong bullish chart setup. One week ago, the wireless play put in a bottoming tail. Bottoming tails are bullish bottom signals, a likely reversal at hand. Since that bottoming tail a week ago, Sprint has consolidated in a bull flag pattern. This tells investors that odds favor a strong move up coming in the next few days. This $5.25 level is a great buy opportunity with a tight stop. Any daily close below the bottoming tail low at $5.10 would be the stop. That means the risk on this trade is only around $0.15 versus the upside target of over $6.00. Low risk, high reward, bullish stock chart setup on Sprint Corp.
Gareth Soloway
InTheMoneyStocks
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