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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.