BUY! RESEARCH IN MOTION LTD (RIMM) Nasdaq

  Report No. 2360    Analysis by: Harry Aloof     FEBRUARY 8, 2010

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

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$79.50 Risk/Reward:
$2.50 VS. $11.62 Risk/Reward Ratio:
5:1
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