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MetroPCS Communications (PCS) NewsBite - PCS Downgraded By JP Morgan

Oct 01, 2009 (Fresh Brewed Media via COMTEX) --

Company: MetroPCS Communications Inc (PCS)

MetroPCS Communications (PCS) was downgraded today by analysts at JP Morgan and the stock is now at $8.74, down $0.62 (-6.62%) on volume of 8,633,306 shares traded. The analysts reduced the stock to Neutral from Overweight. Over the last 52 weeks the stock has ranged from a low of $7.58 to a high of $18.98. MetroPCS Communications stock has been showing support around $9.02 and resistance in the $9.90 range. Technical indicators for the stock are bullish and S&P gives PCS a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on PCS the stock seems like it could be a candidate for a November out-of-the-money bear-call credit spread above the 10 range.

ABR-Seven Summits Strategic Investments NewsBite Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock

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Company: MetroPCS Communications Inc (PCS)


Related terms: S&P

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