Before the Bell Scans of MetroPCS Comm., Clearwire, Mobile Telesystems, and China Mobile
StockCall.com Provides Stock Research onMetroPCS Comm., Clearwire, Mobile Telesystems, and China Mobile
New York City, New York -- (April 24, 2013)
Increasing data usage is driving growth for wireless communications services providers. Wireless communications services providers are also increasing their capital spending in order to boost their existing network infrastructure and increase bandwidth. On Tuesday, shares of wireless communications services providers ended mostly higher, tracking gains in the broad market, which finished higher for a third successive trading session. Among the major movers were MetroPCS Communications Inc. (NYSE: PCS), Clearwire Corporation (NASDAQ: CLWR), Mobile TeleSystems OJSC (NYSE: MBT), and China Mobile Ltd. (NYSE: CHL). StockCall has taken an interest in these companies and you can now sign up to download the free technical research on PCS, CLWR, MBT, and CHL at
www.stockcall.com/registration
Shares of MetroPCS Communications Inc. rallied in Tuesday’s trading session. The stock rose to an intra-day high of $11.71 before finishing the day 2.36% higher at $11.69 on above average volume of 12.03 million. MetroPCS’ shares have now gained nearly 4.50% in the last three sessions. The stock has had an excellent run so far in 2013, gaining more than 17.60% as compared to a gain of nearly 10.70% for the S&P 500. Its MACD has just crossed above the signal line, which is a bullish signal. The stock is also trading above its 50-day and 200-day moving averages, which further confirms the positive trend. Sign up today to read the free research report on PCS at
www.StockCall.com/PCS042413.pdf
Shares of Clearwire Corporation edged higher on Tuesday, tracking gains in the broad market. The stock touched an intra-day high of $3.31 before finishing the day 0.92% higher at $3.29 on above average volume of 7.36 million. Clearwire’s shares are currently trading close to their 52-week high of $3.41. The stock has traded sideways since the start of this year, struggling to break through $3.30 resistance level. The company’s are currently trading well above their 50-day and 200-day moving averages, which is a bullish signal. Register to download the free technical analysis on CLWR at
www.StockCall.com/CLWR042413.pdf
Another major gainer in the wireless communications sector in trading on Tuesday was Mobile TeleSystems OJSC. Shares of the Russia-based company closed 1.61% higher at $19.53 on volume of 1.21 million after trading between $19.10 and $19.60. The stock rebounded yesterday after finishing lower in the previous two trading sessions. Mobile TeleSystems’ shares are currently trading more than 9.60% below their 52-week high. Year-to-date, the stock has gained more than 4.70%, underperforming the S&P 500. The stock is currently trading below its 50-day moving average, which indicates that market sentiment is bearish on the stock. Free report on MBT can be accessed by registering at
www.StockCall.com/MBT042413.pdf
Shares of China Mobile Ltd. ended marginally lower in Tuesday’s trading session even as the broad market finished the day in green. The stock closed 0.39% lower at $53.17 on volume of 715,693 after touching an intra-day low of $52.71. Despite the pullback yesterday, the company’s shares have gained 1.88% in the last three sessions. However, year-to-date, the stock is still down more than 9.40%, underperforming the broad market. China Mobile’s shares are trading nearly 11% below their 52-week high. The stock is also trading below its 50-day and 200-day moving averages.Register withStockCall and download the research on CHL for free at
www.StockCall.com/CHL042413.pdf
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