Nearest Resistance: $5.80
Nearest Support: $5.55
Sprint (S) is another communications name that reported a big fourth-quarter loss today; it burned $1.3 billion for the quarter. The key difference is that Sprint's pending majority stake purchase from Softbank helps to mute a lot of the risk in shares of the nation's third-largest cellular phone carrier.A quick glimpse at Sprint's stock chart does a good job of showing that too. Even though shares are off by around 1.1% today, that sort of price action has been par for the course lately; shares are just moving sideways right now. That said, headline risk is still really high in Sprint; if the firm's transaction for 70% of shares hits a snag, it could instantly erode some huge value for S. If you're looking for a trade in the sector, look elsewhere in February.
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