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Price Momentum Rises for Research in Motion

Other stocks in the telecommunications industry:

American Tower has a B financial strength and is rated A- by TheStreet. Revenue is expected to be up 11.40% next year and earnings to increase by 18.28% annually for the next 5 years.

Crown Castle has a B financial strength and is rated B by TheStreet. Analysts project revenue to be up 6.50% next year and earnings to increase by 20.45% annually for the next 5 years

SBA Communications has a C++ financial strength and is rated C by TheStreet. Revenue is predicted to be up 25.10% next year and earnings to increase by 17.00% annually for the next five years.

Conclusion: RIM is not a stock with great fundamentals, but the recent price momentum signals pessimism may have depressed the price more than warranted.

It's hard to ignore a company with expected revenue of $11 billion. This is not an investment for conservative investors but traders willing to take a speculative position should benefit over the short run.

There are over 95 million shares sold short at over seven days trading activity that will need to be covered if the upward price momentum persists. Play the moving averages and turtle channels to know when to get out:

At the time of publication, the author held no positions in any of the stocks mentioned.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
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