Sprint has been trading in a range from $2.40 to $2.55 since 2/27. (longer than usual to trade this high) I believe S will break out of this range (give or take a few cents) very soon. Unfortunately, if history is a judge, S could go back down to the $2.15 - $2.25 range. Today, the market looks bleak. However, I believe sooner, rather than later, S will break above $2.60.
It would be nice to see S close above $2.40 today !!
OK, OK maybe there is a little "wishful thinking" in my post...