Watch for Shares of MetroPCS Communications (PCS) to Approach Resistance at $10.09
MetroPCS Communications (NYSE:PCS) has opened bullishly above the pivot of $9.96 today and has reached the first level of resistance at $10.03. Investors may be interested in a cross of the next upside pivot targets of $10.09 and $10.22.
MetroPCS Communications has overhead space with shares priced $10.04, or 13.1% below the average consensus analyst price target of $11.56. MetroPCS Communications shares should encounter resistance at the 50-day moving average (MA) of $10.70 and support at its 200-day MA of $8.89.
In the past 52 weeks, MetroPCS Communications share prices have been bracketed by a low of $5.53 and a high of $14.51 and are now at $10.04, 82% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.3%.
SmarTrend is tracking the current trend status for MetroPCS Communications and will alert subscribers who have PCS in their portfolio or watchlist when shares have changed trend direction.
Keywords: pivot alerts metropcs communications