I am looking at both the RSI and the bollinger bands. The RSI is at 73.68 as of intra-day. This indicates that S is being over bought. (Remember, an RSI above 70 means that said stock is over bought, while and RSI below 30 means that said stock is oversold.)
Look at the bollinger bands as well. You will see a nice, large expansion at market open. This signals that volatility has increased. Support is at the 20 DMA.
I don't have any idea what that means.
All I know is that my son has been talking about this 4G for a while.
He said he's selling his blackberry and getting the new phone next month, so are his friends.
Like I said this all may mean something to many of you but I have'nt seen my son this excited since he told me about American Tower when it was 20.00.
I didn't buy it but I jumped on this at 3.98 and I'm very happy.
I got Tech, oil, nat gas,drug stocks and metals, so far Sprint is my best right now.
Its up this much and the phone isn't out yet.
I think i'll keep it.
I guess this free chart was wrong. Never use a free chart service. Anyone can draw lines and say it's overbought. But if you use your common sense, it's no brainer that Sprint will move up and will continue do so. The momentum depends on how many phones get sold on June 4th weekend. If good numbers, then Sprint heads toward $7.
So you sold some shares yesterday. When did you buy these shares, and are they your clients' shares or your personal shares? And when did you close that $3.45 short you recommended a few months ago? That was a great call considering S is now $5.30. Again I ask what do you have to gain by lying on this message board?
Is there anyone that believes these losers come here to educate you and save you money? If they know what they say they know why don't they just short the stock? Wait a minute... they already have !!!