The price of Sprint (S) has suffered enough! Prices have declined to almost $3 from a tad more than $11 in 2013, but its longer-term history is more optimistic.
This point and figure chart, above, shows a series of higher lows from 2009.
This short-term chart of S, above, has a lot of positive technical signals going on. Notice how prices held the $4 level except for the sell-off in July and August. Volume was heavier during the July/August decline and rebound suggesting that aggressive buying overcame the aggressive selling.
There is now a higher low on the On-Balance-Volume line (OBV) as accumulation outweighs distribution or selling. On the latest pullback to under $4, Sprint got very oversold. The Moving Average Convergence Divergence oscillator (not shown) is close to a positive crossover.
Need more evidence? Sure Sprint needs to prove itself with a breakout over $5.50, but you could take a starter position here with a sell stop below $3.75. Add on closes above $5.25 and $5.50. I hear potential profits calling.