This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Tech Stocks to Trade (or Not)

Sprint

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Nearest Resistance: $5.50

Nearest Support: $4.70

Catalyst: Technical Setup

On the other side of the spectrum is Sprint (S), a heavily traded name that's looking toppy right now. Sprint has been one of those perennially-popular tickers for the last few months, driven by a sub-$5 share price and a colossal rally that's kept shareholders engaged since late May. But shareholders might want to disengage now.

>>5 Buys Near 52-Week Highs

Sprint topped at $5.49 earlier this month, slinking lower as buying pressure got sapped by sellers who were increasingly eager to take gains at a new high. Could the uptrend in S continue? Absolutely. A correction is more than appropriate after such a big run higher. But the pullback is bringing shares much closer to a test of support at the same time that the uptrend in RSI broke down.

I'd consider buying Sprint if it can print at $5.50, but this stock becomes a short candidate if it slips below the base it's built at $4.25.

As of the most recently reported quarter, Sprint is one of David Einhorn's Greenlight Capital holdings.
4 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
DELL $0.00 0.00%
AMD $1.82 0.00%
HPQ $26.99 0.00%
NOK $6.16 0.00%
S $4.95 0.00%

Markets

Chart of I:DJI
DOW 16,102.38 -272.38 -1.66%
S&P 500 1,921.22 -29.91 -1.53%
NASDAQ 4,683.9190 -49.5780 -1.05%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs