Hot stock for tomorrow - RIMM
Wednesday, April 11, 2007
Shares of RIMM was down 1.54% or 2.29$ to 146.02 today, however in after hours stock drop more than 6% after reported a sharply higher fourth-quarter profit that met expectations, as the company added about a million subscribers and forecast more growth for the upcoming quarter. RIM said it earned $187.9 million, or 99 cents a share, in the three months ended March 3. That was up from a profit of $18.4 million, or 10 cents a share, in the same period a year earlier. In the daily chart we start to see some weakness in the stock with MACD+RSI starts to moving down, however this situation must be confirmed in the next sessions, because uptrend is still in place. Following the trading in after-hours stock probably it will open tomorrow in GAP down, and I see some support at 137$ ( 50 dma ). RIMM will be one of the hot stocks tomorrow.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.