UPDATE: Piper Jaffray Reiterates Overweight, $5 on Sprint Nextel - SentinelOne (NYSE:S)

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

Piper Jaffray reiterates its Overweight rating and $5 target price on Sprint Nextel (NYSE: S) following the company's failed deal to acquire Metro PCS. Piper Jaffray says, "Late Friday, CNBC and the Wall Street Journal reported that Sprint had walked away from a deal to purchase MetroPCS at the last moment. Details are relatively thin, but the articles noted a 30% equity premium to PCS' pre-4Q results price and an ~$8B total deal valuation. With Sprint repairing its balance sheet and network, many moving industry parts, we believe the board felt there could be better options in the future."S closed at $2.47 a share yesterday.

20-Year Pro Trader Reveals His "MoneyLine"

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!