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Watch for Sprint Corp to Potentially Pullback After Gaining 2.14% Yesterday

By James Quinn

Sprint Corp (NYSE:S) traded in a range yesterday that spanned from a low of $6.04 to a high of $6.22. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $6.19 on volume of 7.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Sprint Corp have traded between a low of $5.04 and a high of $6.61 and are now at $6.21, which is 23% above that low price. The 200-day and 50-day moving averages have moved 0.19% higher and 0.43% lower 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: rebounders sprint corp

Ticker(s): S