Sprint Nextel Corp. (S) ripe for a trend reversal from $3

By Mark Moneymaster
October 26, 2009 9:30 AM

Symbols: S

Posted in: Long Ideas, Small Cap Analysis, Technicals, Trading Ideas

The Sprint Nextel Corp. (NYSE: S) stock has been in a downtrend since May-June 09. After touching near $6 levels, the Sprint Nextel Corp. (S) stock has been weakening.

Currently, Sprint Nextel Corp. (S) stock has got strong support near $3 levels. The S stock is almost down near 50% from its recent highs. One can enter the S stock at current levels of around $3.

Even the launch of 4G wireless services on Monday in Philadelphia by company should provide a fillip for the reversal from current level.

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Sprint Nextel Corp. (S) ripe for a trend reversal from $3

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