Sprint Approaching Decision Point, Suspect Short Term Long
Updated
Sprint's management has been active with deals to "Mobile Leasing Solutions" for $1.2 billion for sale and lease-back of in 11/2015 and another deal to "Network LeaseCo" for $2.2 billion which will further increase liquidity position and be used to restructure debt in more favorable terms. If a trend breakout happens, the company looks favorable for short-term advancement over the next 6 months to a 5.25 target.Trade closed: target reached
Looks like the market moved to mostly due to speculation from investors after 10/2016 and we're back to $5.64. Strong support at $5.30 will stabilize the market and create another buying opportunity and then I'm headed long again until it hits resistance at $7.42.
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