RIMM: Calling All Traders

09/22/2008 12:00 am EST


This telecommunications equipment company designs, manufactures, and markets wireless solutions for the mobile communications market.

RIMM has only been in a bull market since mid-2006 when it sold in the mid-$20s.


RIMM was strong during much of the recent decline, but in June it topped just under $150, and fell to under $90 last week, when it flashed two, Collins-Bollinger Reversal (CBR) buy signals, and a stochastic buy.

RIMM may have a quick run to $125 but longer-term buyers might want to hold on for a chance at even greater gains.

By Sam Collins, of OptionsZone.com

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