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RESEARCH IN MOTION LTD
(RIMM-Nasdaq):
Technical Viewpoint: From a low
of $75 1/2 on Sep 22, 2000 prices
rallied, reaching a
high of $117 3/4
on Oct 6, 2000. A
decline saw prices pull back, reaching a
low of
$86.84 on Oct 13, 2000.
Another rally saw prices penetrate
resistance, closing 10/16/00
at $109 1/4. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Oct 16, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $87.00. Resistance: Is at $117.00.
Point & Figure: Reversed to the upside on Oct 13, 2000. A P&F upside
reversal takes place at $104.00. Summary: Technical indicators have turned bullish. BUY! RESEARCH IN MOTION LTD
(RIMM-Nasdaq) @ $111 1/8 Stop: Use a protective stop of $107 7/8.
RESEARCH IN MOTION LTD is currently trading @ $109 1/4 plus $9 3/4 on Oct 16, 2000. Price Objective:
$132.00. Risk/Reward: $3 1/4 VS. $20 7/8. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$132.00
Risk/Reward:
$3 1/4 VS. $20 7/8
Risk/Reward Ratio:
6:1
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