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Sprint Corp (S) Approaches New Downside Target of $5.23

By Amy Schwartz

Shares of Sprint Corp (NYSE:S) have bearishly opened below the pivot of $5.31 today and have reached the first support level of $5.27. Investors may be interested in a cross of the next downside pivot targets of $5.23 and $5.15.

Sprint Corp share prices have moved between a 52-week high of $9.65 and a 52-week low of $3.87 and are now trading 35% above that low price at $5.23 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.2%.

Potential upside of 1.5% exists for Sprint Corp, based on a current level of $5.23 and analysts' average consensus price target of $5.31. Sprint Corp shares have support at the 200-day moving average (MA) of $3.80 and additional support at the 50-day MA of $3.55.

SmarTrend recommended that its subscribers protect gains by selling shares of Sprint Corp on October 6th, 2017 by issuing a Downtrend alert when the shares were trading at $7.44. Since that call, shares of Sprint Corp have fallen 28.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts sprint corp

Ticker(s): S