S closed one cent off the HOD which is a good sign as it nears the upper BB again not overbought just yet. If market conditions are good tomorrow I expect it close in the on the upper BB after maybe a little profit taking. My $4.50 calls took a nice bounce today.
Looks like a new catalyst Sprint Corp. has snagged a former T-Mobile U.S. Inc. leader to take the reigns of Sprint's prepaid services, shuffling around the Overland Park-based wireless company's leadership again. Sprint shakes up prepaid with former T-Mobile leader Sprint Corp. has snagged a former T-Mobile U.S. Inc. leader to take the reigns of Sprint's prepaid services, shuffling around the Overland Park-based wireless company's leadership again. http://www.bizjournals.com/kansasci...d-wholesale-president-jim-hyde.html?ana=yahoo
S taking a breather this morning with most of the sector. It may be needed for the next leg up from it's overbought level
After a small pull back S is still overbought but climbing higher as the Telecom sector is mostly down.
Sprint Corporation Schedules Fiscal 2016 First Quarter Results Announcement Sprint Corporation (NYSE:S) will release its financial results for the fiscal 2016 first quarter on Monday, July 25, 2016. The results will be posted at www.sprint.com/investors at approximately 7:30 a.m. ET. Sprint management will host a conference call at 8:30 a.m. ET to discuss the results. http://finance.yahoo.com/news/sprint-corporation-schedules-fiscal-2016-200600430.html
I plan on taking some profits when S breaks $5, just haven't fine tuned the price yet. I got a double going on my AUG 19th $4.50 calls, Quite some time ago I bought the same expiration date on the $6 calls with my mad money for a nickel
Wow ..... so Sprint finally broke out. - The 6 month chart shows buyers finally won the auction taking place at the point of control (POC) - which is denoted by the significant increase in volume of the rally. Such a shift can never take place without it. - The 3 year chart shows clear-cut positive divergence and a Wykoff Spring - which catches short sellers late to the party covering their positions and shakes out the last of the weak longs. This provided a thrust back into the old range and signal that institutional traders have absorbed all the supply they need. - Presumably a reversion back to the old 3 year POC (point of control) is taking place - as that is the most significant long term auction. Think of the POC as the most sought after price by both buyers/sellers. There will be a little bit of horizontal resistance around 5.35.
