In addition to the series of blog posts I have written on SMBL, consider Sprint as another strong candidate for a major bearish to bullish reversal over time. The stretched out daily chart chart of S below illustrates the long base formed over the past year. You can see just how long and tedious a bottoming out process can truly be.

To be fair, Sprint is still by and large dead money since crashing in 2008, going sideways on the weekly chart since its low. However, with a 50 and 200 day moving average now rising along with price, I am looking for a resurgence of the left-for-dead wireless (and wireline) communications company.

Earnings are scheduled for 07/26.

_______________________________