Thursday, October 6, 2011

Sprint Getting Its Groove Back

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tdp2664 InvestorPlace Sprint Nextel Corp. (NYSE: S ) — This leading provider of wireless and other telecommunications services had been in a bear market since 2006, falling from over $24 to under $2 in late 2008. The Trade of the Day began recommending Sprint early this year at $3.25 and traded it to over $5. But when Q2 earnings missed estimates, the stock broke down on a breakaway gap that signaled a serious sell-off was occurring.



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