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