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Investors Should Answer Sprint’s Call

Sprint Nextel Corporation (NYSE: S ) - This leading wireless provider was in a bear market since 2006, falling from over $24 to under $2 in late 2008.

I began recommending Sprint early this year at $3.25, and traded it to over $5.

Following a pullback from $5 in mid-July, the stock again looks like a solid buy. The trading target is raised to $6, but a run to $10 by year-end is possible.

The pullback in S is not unusual, and since the stock is consolidating within a triangle , we'll stick with the former targets and accumulate the stock above $4.20.

S&P rates the stock a "four-star buy" and recently increased its 12-month target to $6 from $5.

S Stock Chart

Chart Key

If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net .

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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