RESEARCH IN MOTION LTD
(RIMM-Nasdaq):
Technical Viewpoint: From a low
of $159.31 on Jun 27, 2007 prices
rallied, reaching a
high of $218.00
on Jul 6, 2007. A
decline saw prices pull back, reaching a
low of
$206.31 on Jul 11, 2007.
Another rally saw prices penetrate
resistance, closing 7/13/07
at $227.52. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jul 2, 2007 when the solid line crossed the dotted line to the upside.
Support: Remains at $216.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jul 29, 2007. A P&F upside
reversal takes place at $222.00. Summary: Technical indicators have turned bullish. BUY! RESEARCH IN MOTION LTD
(RIMM-Nasdaq) @ $228.25 Stop: Use a protective stop of $222.13.
RESEARCH IN MOTION LTD is currently trading @ $227.52 plus $12.05 on Jul 13, 2007. Price Objective:
$250.00. Risk/Reward: $6.12 VS. $21.75. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$250.00
Risk/Reward:
$6.12 VS. $21.75
Risk/Reward Ratio:
4:1
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