Top 6 Picks for March

Top Stock #4: Sprint Nextel Corp. (S)

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The Options Trader’s Guide to Technical Analysis

Sprint Nextel Corp. (S) has been in a bear market since 2006, falling
from over $24 to under $2 in late 2008. This stock is in a sideways trend but accumulation of the shares appears to be picking up, and a long-term
saucer bottom may be forming. 

Along with the positive accumulation, the stochastic has been issuing buy signals, and another internal indicator, Moving
Average Convergence/Divergence (MACD), is undervalued and issued a buy signal as well. 

The change in trend could be at a very early stage, so the technical picture is not purely positive, but recent changes in opinion by respected
analysts in the absence of a negative technical picture make this an intriguing speculation. S&P rates the stock a “four-star buy” with a 12-month
target of $5.

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Next: Top Stock #5