MetroPCS Is Testing Investors' Patience

Filed under: Stocks to Buy

Prepaid wireless play MetroPCS Communications (PCS), first discussed here on December 21, 2009 at a price of $7.55, 'the little engine that might,' has gone in the wrong direction -- down -- in the past three months.



Note: I consider MetroPCS to be a high-risk stock not suitable for low/moderate-risk investors.



Even worse, technically, the chart has formed a bear hug -- a bearish trend in which the stock rallies to the key, 50-day moving average, only to decline again. Typically, the stance would be to close the position. However, a recent pop above the 50-day MA provides some hope, so the stance is to maintain the play.

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MetroPCS Is Testing Investors' Patience originally appeared on BloggingStocks on Tue, 09 Mar 2010 18:00:00 EST. Please see our terms for use of feeds.

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