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RESEARCH IN MOTION
(RIMM-Nasdaq):
Technical Viewpoint: From a low
of $35.09 on Dec 3, 2008 prices
rallied, reaching a
high of $43.21
on Dec 19, 2008. A
decline saw prices pull back, reaching a
low of
$38.50 on Dec 30, 2008.
Another rally saw prices penetrate
resistance, closing 1/16/09
at $51.11. Technicals: MACD Index (MACD): A Buy Alert!
was given on Dec 8, 2008 when the solid line crossed the dotted line to the upside.
Support: Remains at $45.00. Resistance: Is at $52.44.
Point & Figure: Reversed to the upside on Jan 15, 2009. A P&F upside
reversal takes place at $48.00. Summary: Technical indicators have turned bullish. BUY! RESEARCH IN MOTION
(RIMM-Nasdaq) @ $51.38 Stop: Use a protective stop of $48.88.
RESEARCH IN MOTION is currently trading @ $51.11 plus $1.87 on Jan 16, 2009. Price Objective:
$61.50. Risk/Reward: $2.50 VS. $10.00. 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:
$61.50
Risk/Reward:
$2.50 VS. $10.00
Risk/Reward Ratio:
4:1
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