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.
More from Stocks
Nearly 500 stocks hit new 12-month highs as earnings reports keep flooding in.
Blame the Fed? No. I'm reserving my wrath for the clueless buyers who appear to have taken a permanent intellectual summer vacation.
There's nothing in the price action to indicate that a change in market character is developing.
Many of the smaller stocks I favor have not reported earnings yet and I'm cutting them back.