This Day On The Street
Continue to site
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)


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
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DELL $0.00 0.00%
AMD $2.30 0.00%
HPQ $33.26 0.00%
NOK $7.76 0.00%
S $5.27 0.00%


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs