7 Hot Stocks to Trade (or Not)
Nearest Resistance: N/A
Nearest Support: $3.50
Catalyst: News from Symposium
Finally, cell phone carrier Sprint Nextel (S) is getting some positive attention today after the firm presented at Wells Fargo's (WFC) Wireless Spectrum Symposium. Sprint announced (among other things) that it was expanding its pilot program to provide car usage data to auto insurers, a product addition that could provide a decent boost to Sprint's top-line. With Sprint's earnings slated for next week, plenty of trading volume is coming from investors hoping to pile up on shares ahead of time.
Like eBay, Sprint is getting boosted to a new high in today's trading session. Investors looking for relative strength should be buyers if Sprint can eclipse today's highs. Sprint was also featured recently in "4 Stocks Under $5 Making Big Moves."