MetroPCS Communications, Inc. (PCS)

[bowonwing]

PCS @ $11.63. As per stockcharts.com agreed that PCS is currently overbought.

Today's price action is strange, 1st hour PCS hit high of day at $12.48 on 1st hour volume of about 3.5M shares, then sold off for the rest of day on about 21M shares traded.

TA Associates started selling again this week 100's of thousand of shares of PCS, looks like they might sell out of PCS as they have less than 300K shares left, see NASDAQ.com PCS insider trades. TA was involved with PCS before public offering.