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Sprint Corporation Message Board

  • johnalterman johnalterman Sep 22, 2012 4:49 PM Flag

    Catalyst For A $10.00 Stock Price

    Let's do it by the numbers in no particular order:

    1. IPhone-5 is mostly sold out in Sprint stores and they have massive back order
    2. Merger's are coming sooner rather then later
    3. We consolidated for 6 weeks and just broke through major resistanace going back to 2008 on the weekly chart
    4. We just broke through a falling 200 weekly moving average, we need to test what is now minor support and move higher
    5. Weekly MACD is extremly strong
    6. Daily MACD just had a cross over showing the move is legit once again
    7. End of month window dressing has started and will continue to accelerate Sprint higher into week ending 9-29-12
    8. After moving to $4.49, falling back to $4.70 and now with a solid break through of $5.00 the new institutions have full bellies and there next stop is $10.00 just like BAC earlier this year
    9. Monthly chart just broke last month Toppting Tail and monthly resistance, this is a powerful break
    10. Monthly MACD has just diverged for the first time this year, and the first time since May 2009
    11. Monthly resistance is in the $10.00 range so we have more room to run
    12. 200 monthly moving average is in the $12.00 range

    Well those are all my thoughts, if anyone has more ideas on catalyst please post them:)

    Sentiment: Strong Buy

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