RESEARCH IN MOTION LTD
(RIMM-Nasdaq):
Technical Viewpoint: From a low
of $43.70 on May 10, 2004 prices
rallied, reaching a
high of $62.03
on Jun 2, 2004. A
decline saw prices pull back, reaching a
low of
$53.79 on Jun 14, 2004.
Another rally saw prices penetrate
resistance, closing 6/30/04
at $68.45. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 20, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $62.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jun 30, 2004. A P&F upside
reversal takes place at $65.00. Summary: Technical indicators have turned bullish. BUY! RESEARCH IN MOTION LTD
(RIMM-Nasdaq) @ $69.38 Stop: Use a protective stop of $66.88.
RESEARCH IN MOTION LTD is currently trading @ $68.45 plus $9.07 on Jun 30, 2004. Price Objective:
$85.00. Risk/Reward: $2.50 VS. $15.62. Today's Risk Reward Ratio: 6:1
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