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Possible Trend Reversal, Sprint Corp Down on Heavy Volume (S)

By James Quinn

Shares of Sprint Corp are trading down 5.3% to $5.69 today on above average volume. Approximately 18.6 million shares have changed hands today vs. average 30-day volume of 14.5 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend is tracking the current trend status for Sprint Corp and will alert subscribers who have S in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Sprint Corp has traded in a range of $5.04 to $6.62 and is now at $5.76, 14% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has remained constant.

Keywords: unusual volume sprint corp

Ticker(s): S