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Tickers in this Article: PCS
New York, May 25th (TradersHuddle.com) - Shares of MetroPCS Communications, Inc. (NYSE:PCS) are trading very close to calculated resistance at $6.66. The stock ended the trading session at just $6.44, which is near levels that make it difficult to buy or start a position.MetroPCS Communications, Inc. (NYSE:PCS) is a wireless communications provider in the United States. The Company offers unlimited wireless voice and data services to the mass market under prepaid plans

MetroPCS' stock range is defined by its calculated support defined at $6.27 and by the resistance level at $6.66; the stock is clearly over-extended from support, making it harder for participants to establish fresh longs.

Traders don't have a clear entry point for MetroPCS. However, as the stock pulls back towards $6.27 it will definitely provide a reference point to establish a trade. On the other hand, if the stock breaks above its resistance level at $6.66 then traders will get an opportunity to enter the stock as it moves to a higher range.

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