Comtex SmarTrend(R)SmarTrend has detected shares of Sprint Nextel (NYSE:S) have bullishly opened above the pivot of $4.82 today and have reached the first resistance level of $5.01.
We are watching for a cross of the next upside pivot targets of $5.11 and $5.40. Also, the shares are currently trading above the 50-day moving average of $4.43 and above the 200-day moving average of $4.40.
In the last five trading sessions, the 50-day MA has climbed 0.87% while the 200-day MA has remained constant.
In the past 52 weeks, shares of Sprint Nextel have traded between a low of $3.27 and a high of $5.31 and are now at $5.07, which is 55% above that low price.
SmarTrend currently has shares of Sprint Nextel in an Uptrend and issued the Uptrend alert on December 13, 2010 at $4.38. The stock has risen 12.4% since the Uptrend alert was issued.