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Six Buys Near 52-Week Highs

S Chart S data by YCharts

Sprint Nextel (S)

Background: Sprint offers a comprehensive range of wireless and wireline communication services to consumer, business and government customers. Sprint was founded in 1899 and trades an average of 81 million shares a day and has a market cap of $14.3 billion.

52-Week High: $5.49

After last week's dip in price, Sprint really tore up the charts. It is still 18% higher than a month ago.

Investors will want to monitor changes to see if short sellers dial up the warning signals. Otherwise, current short interest of 5.2% of the float is relatively small and not a major concern. Unsurprisingly, Sprint short interest has fallen quite a bit in the last month and a half.

The new iPhone 5 will likely provide another boost to Sprint in two ways: Lower iPhone 4S prices will help Sprint meet contract obligations and a new iPhone product will increase interest in Apple products.

I was in Sam's Club, which is owned by Wal-Mart (WMT), this weekend and saw that an iPhone was priced at $149 with a contract. My wife was quick to point out that she would like one to go along with an Apple computer.

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