Here is an interesting stock chart I created.
This stock (S) has been truly beaten down by the market in previous years. Although, since summer 2012 it has vastly outperformed, more than doubling its price due to strong speculation of recovery. On October 2012 a major deal was reached with the giant Japanese telecommunications and internet company, SoftBank, which agreed on a 20.1 billion takeover(70% stake in Sprint). I recommend this article if interested in $S and its upside potential:
www.seekingalpha.com/article/1170881
Now lets take a quick look at the chart. It indicates a long rising-triangle formation, accompanied with strong volume. Price is still above the 200/50sma. A very important support level is around the $6 mark; I recommend watching closely for this breakout. Remember, investors should due their own due diligence before making any decision.
Alexander Schachter
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