RIMM on the Move

12/08/2008 11:18 am EST


This telecommunications equipment company engages in the design, manufacturing, and marketing of wireless solutions for the mobile communications market. It 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 below $150 and fell to under $40 this week.

Note the recent high-volume buying, several Collins-Bollinger Reversal (CBR) signals, and an oversold stochastic. RIMM could provide traders a quick target of $50.

By Sam Collins of OptionsZone.com

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