Softbank Acquisition of Sprint-Clearwire Moving Forward in FCC

 SB-S hor  SB-S Son Hesse2

The November 30th, filing outlines the pleading cycle and transfer of control for the spectrum under transfer entities named Starburst I and Starburst II. We look at this new piece of information in view of Clearwire and its stock, which looks to be of interest at this juncture as a fair investment despite its checkered past.
 
Clearwire stock has moved up recently on modest volume following a large move up in a restructuring of their parent, Sprint, and reshuffling of the outlook. The historically high level of short selling that has existed for this stock since it went public has moved down during the period and, thus far, has not moved back up as the stock achieved a higher plateau as had been indicative of the past.
 
The stock chart shows the formation of a new up-channel trend: http://scharts.co/UDTrkE
 
This current chart looks significant given that CLWR has never created an upward trend since the company has IPO'd except the one time recovery trend that occurred in May through October of 2009. 
 

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