MetroPCS Communications, Inc. (PCS)

[bowonwing]

@ $10.93. Technically PCS needs to "breath" a little bit, MACD just starting to roll-over but still very positive and RSI very near over-bought at 70.

PCS @ $10.93 has a trailing P/E of 18.5 and per S&P 2010 earnings estimates of $0.79, a 13.8 F-P/E. To my mind, an 18 P/E is fully valued for the time in being, yet F-P/E still has some room to the upside.

S&P P/E on Oper. EPS 2011E is $1.05, $0.26 over 2010E EPS, or about 33%. PCS at $11, x33% is about $14.50. Moorman at S&P has a $15 12-month TP for PCS.

Charting: PCS has a gap to fill to $12.18. The going will be tougher over the $12.18, as resistance points start to emerge.

PCS has about 7.4 million subs; VZ (with 94M subs), or T, if PCS can scrap 5% of subs from each within the next year, PCS doubles it's subs. Wishful thinking perhaps.