RESEARCH IN MOTION LTD
(RIMM-Nasdaq):
Technical Viewpoint: From a low
of $57.30 on Nov 27, 2009 prices
rallied, reaching a
high of $71.60
on Dec 18, 2009. A
decline saw prices pull back, reaching a
low of
$60.40 on Jan 26, 2010.
Another rally saw prices penetrate
resistance, closing 2/5/10
at $67.75. Technicals: MACD Index (MACD): A Buy Alert!
was given on Feb 3, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $65.18. Resistance: Is at $68.80.
Point & Figure: Reversed to the upside on Jan 27, 2010. A P&F upside
reversal takes place at $65.00. Summary: Technical indicators have turned bullish. BUY! RESEARCH IN MOTION LTD
(RIMM-Nasdaq) @ $67.88 Stop: Use a protective stop of $65.38.
RESEARCH IN MOTION LTD is currently trading @ $67.75 plus $1.58 on Feb 5, 2010. Price Objective:
$79.50. Risk/Reward: $2.50 VS. $11.62. 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:
$79.50
Risk/Reward:
$2.50 VS. $11.62
Risk/Reward Ratio:
5:1
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