NEW YORK (TheStreet) -- Research in Motion (RIMM) has been Wall Street's whipping boy for quite a while. The recent earnings report shows the stock may not be as bad as most of the analysts have thought. A comparison of the stock's price with some of the other telecommunications stocks show the price momentum has been very good.The graph provided by Barchart reveals over the last two and a half months RIMM was up 29% while American Tower ( AMT) was up 5%, Crown Castle ( CCI) was up 6% and SBA Communications ( SBAC) was up 11%.
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. Follow @JimVanMeerten This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.