Sprint Nextel (S) Rating Reiterated Alert, Watch for 17.1% Technical Uptrend Continuation

source:mysmartrend.com
Sprint Nextel (NYSE:S) reiterated Buy, $6 target, at Deutsche Bank. The stock closed Friday at $4.87 on volume of 52,975,500 shares, below average daily volume of 64,755,470.

Sprint Nextel is currently above its 50-day moving average of $4.38 and above its 200-day moving average of $3.82.
Sprint mentioned positively at Deutsche Bank

Deutsche Bank said its channel checks indicate demand for Sprint's EVO remains strong. The firm expects EVO sales to drive meaningful post paid gross add growth in 2010 and reiterates a Buy rating on Sprint shares with a $6 price target.