See allLatest Trade Alerts

7 Hot Stocks to Trade (or Not)

Written by: Jonas Elmerraji 07/19/12 - 12:25 PM EDT
Tickers in this article: EBAY S EDU WAG NOK MS QCOM

Qualcomm, one of David Tepper's Appaloosa Managmenet holdings, shows up on a June list of 5 Stocks for an Oversold Market. Sprint Nextel

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Nearest Resistance: N/A

More Headlines

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."