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RESEARCH IN MOTION
(RIMM-Nasdaq):
Technical Viewpoint: From a low
of $19.65 on Dec 20, 2001 prices
rallied, reaching a
high of $27.80
on Jan 4, 2002. A
decline saw prices pull back, reaching a
low of
$20.52 on Jan 23, 2002.
Another rally saw prices penetrate
resistance, closing 1/29/02
at $23.88. Technicals: RSI Index (RSI): A Buy Alert!
was given on Jan 24, 2002 when the solid line crossed the dotted line to the upside.
Support: Remains at $21.00. Resistance: Is at $24.63.
Point & Figure: Reversed to the upside on Jan 29, 2002. A P&F upside
reversal takes place at $22.50. Summary: Technical indicators have turned bullish. BUY! RESEARCH IN MOTION
(RIMM-Nasdaq) @ $24.25 Stop: Use a protective stop of $22.25.
RESEARCH IN MOTION is currently trading @ $23.88 plus $1.60 on Jan 29, 2002. Price Objective:
$35.00. Risk/Reward: $2.00 VS. $10.75. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$35.00
Risk/Reward:
$2.00 VS. $10.75
Risk/Reward Ratio:
5:1
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