RESEARCH IN MOTION
(RIMM-Nasdaq):
Technical Viewpoint: From a low
of $45.01 on Dec 22, 2003 prices
rallied, reaching a
high of $70.95
on Dec 24, 2003. A
decline saw prices pull back, reaching a
low of
$66.09 on Jan 2, 2003.
Another rally saw prices penetrate
resistance, closing 1/9/04
at $76.25. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 18, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $70.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jan 5, 2004. A P&F upside
reversal takes place at $73.00. Summary: Technical indicators have turned bullish. BUY! RESEARCH IN MOTION
(RIMM-Nasdaq) @ $76.50 Stop: Use a protective stop of $73.75.
RESEARCH IN MOTION is currently trading @ $76.25 plus $4.85 on Jan 9, 2004. Price Objective:
$89.50. Risk/Reward: $2.75 VS. $13.00. Today's Risk Reward Ratio: 5:1
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