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Sprint’s Technical Indicators and What They Could Mean

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Technical indicators

Technical indicators are helpful to predict a stock trend’s direction. Technical indicators hold a specific value for investors and traders as they decide market exit and entry levels. The two technical indicators used most often are moving averages and RSI (relative strength index) scores. Let’s evaluate the technical aspects for Sprint (S) and compare them to major US wireless carriers.

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100-day moving averages

As of October 20, 2017, Sprint was trading 13.4% below its 100-day moving average. In contrast, Verizon (VZ) was trading 5.4% above its 100-day moving average, and AT&T (T) was trading 6.5% below its 100-day moving average. T-Mobile (TMUS) was trading 4.0% below its 100-day moving average.

Relative strength index

As of October 20, 2017, Sprint had a 14-day RSI reading of 22. AT&T, Verizon, and T-Mobile had 14-day RSI readings of 19, 52, and 40, respectively.

Usually, a 14-day RSI reading of more than 70 means an overbought stock, whereas a 14-day RSI reading lower than 30 means an oversold stock.

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