MetroPCS Communications, Inc. (PCS)

[bowonwing]

PCS, at $6.01, has three mildly positive technical signals:

1. MACD divergence, in that PCS's stock price went down big time today but the MACD histogram is still in positive, over zero barely, which it just crossed on Tuesday, 11/3, though the MACD line is still in negative territory, -0.607 but trending flat even after today's blood bath. (Note: the MACD line and the MACD histogram are different measurements of the same thing, but are different.)

2. The MACD line crossed over the signal line on Tuesday as well, although after today they are almost the same. If the MACD line continues to stay over the signal line and continues to go up, this could indicate a "trend break," for PCS.

3. Finally, Slow STO, the K line crossed over the D line on Tuesday as well. This "can be a valuable tool for identifying near-term tops and bottoms to help in timing trades closer to local reversal points." from "Technical Analysis Plain and Simple" by Michael N. Kahn

http://stockcharts.com/h-sc/ui I think you have to type in PCS. They also have a good chart school, if you so desire.

My opinion only, do your own DD. GL