Sprint Corp. (S) is the Stock of the Day at Real Money after a U.S. District Court judge ruled in favor of Sprint's planned merger with T-Mobile US Inc. (TMUS) . Sprint's stock price was up nearly 75% at Tuesday's market open on the news, so let's check with the charts and indicators to see if there is a common sense strategy to suggest.
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The market keeps rallying on the possibility of a deal, despite the hurdles.
The stock is simply too cheap, given its strong results to begin 2020, and a highly profitable business model that generates huge amounts of cash flow.
I don't want to be too aggressive, but I see a small upside exposure in XOM.
Let's review the charts and indicators.