Sprint Nextel breakout watch

Discussion in 'Stocks' started by Stocks4life, Mar 19, 2013.

  1. good move today, looking for a breakout after a long consolidation period

    BREAKOUT WATCH for possible breakout above 6.04, no resistance in area just above.
    Type: True breakout from triple resistance.
    Target: 6.58, 9.1% Stop: 5.82, Loss: 3.5%, Profit/Loss ratio: 2.6 : 1 - Good

    CURRENT PRICE 6.03, at resistance, 5.93 ± 0.11, type triple, strength 5

    RESISTANCE ABOVE None.

    SUPPORT BELOW -5.1% at 5.72 ± 0.11, type triple+, strength 10
    -8.1% at 5.54 ± 0.11, type triple, strength 9

    Stock chart

    [​IMG]

    source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=S
     
  2. S at 6.21 good follow through so far
     
  3. S slow grind higher may have another breakout

    BREAKOUT WATCH for possible breakout above 6.34, no resistance in area just above.
    Type: Continuation breakout from single resistance.
    Target: 6.86, 9.2% Stop: 6.13, Loss: 2.4%, Profit/Loss ratio: 3.8 : 1 - Excellent

    [​IMG]

    source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=S