Shares of Sprint (NYSE:S) have a strong bullish chart setup. One week ago, the wireless giant put in a bottoming tail, which is a bullish bottom signal indicating a likely reversal is at hand. Since that bottoming tail a week ago, Sprint has consolidated in a bull-flag pattern. This tells investors that odds favor a strong move up coming in the next few days.
Buy Here
This $5.25 level is a great buy opportunity with a tight stop. Any daily close below the bottoming-tail low at $5.10 would be the stop. That means the risk on this trade is only around $0.15 versus the upside target of over $6. Low risk, high reward, bullish stock chart setup on Sprint.