Sprint: Death Cross on 1D pointing lower.

Sprint made a Death Cross on 1D last week (MA50 crossing under MA200) on bearish RSI = 38.934, MACD = -0.125, Highs/Lows = -0.1518. The same pattern has been spotted 3 times in the past, all of which resulted in massive loss in value (roughly -41.50%, -52.30% and -47.80% respectively). Assuming it follows a similar pattern, an equivalent of the last Death Cross (which was the "weakest") will pull the price down to $3.25. It is definitely not a good time for investors to enter Sprint. Traders may look to start adding shorts using the previous Lower High as stop loss.







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