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

4 Big Stocks to Trade (or Not)

Clearwire

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

Get Adobe Flash player

Nearest Resistance: $1.90

Nearest Support: $1.30

Catalyst: Sprint Takeover Rumors

>>5 Toxic Tech Stocks to Sell Now

Investors in Clearwire (CLWR) are having a great day. Shares of the $2.5 billion 4G broadband internet provider are rallying more than 35% following news that Japanese cellular carrier Softbank was in talks with Sprint (S) to be acquired. Since Sprint owns 49% of Clearwire, the deal likely trickles down to CLWR shareholders either in the form of a bigger source of capital or an outright buyout offer.

From a technical standpoint, though, there really isn't a trade to be made here -- yet. CLWR gapped up hard this morning on the news, pushing shares within a few cents of resistance at $1.90. As a result, this stock is still a whole lot closer to resistance than it is to support, making the risk/reward tradeoff look pretty paltry right now. I'd only recommend buying a move above $1.90 to participate in the Clearwire clamor.
2 of 5

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

Check Out Our Best Services for Investors

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
CLWR $0.00 0.00%
ANR $0.05 38.00%
ACI $8.21 0.00%
ALU $3.37 0.00%
AAPL $113.29 0.00%

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs