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