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Sprint Corp (S) Approaches New Downside Target of $8.15

By Amy Schwartz

Sprint Corp (NYSE:S) has opened bearishly below the pivot of $8.26 today and has reached the first level of support at $8.21. Investors may be interested in a cross of the next downside pivot targets of $8.15 and $8.04.

Sprint Corp (NYSE:S) defies analysts with a current price ($8.22) 11.0% above its average consensus price target of $7.31. The stock should discover initial support at its 200-day moving average (MA) of $3.80 and subsequent support at its 50-day MA of $3.55.

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 112% above that low price at $8.22 per share. The 200-day and 50-day moving averages have moved 0.17% lower and 1.21% higher over the past week, respectively.

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.

Keywords: pivot alerts sprint corp

Ticker(s): S