RIMM Breakout 216$ !!!
Sunday, July 15, 2007
RIMM Breakout 216$ !!!
Shares of RIMM were up 5% on Friday to 227.52$ and reaching during the session a new 52 week high at 228.17$. RIMM is one of the hottest stocks in the market right now. Technically speaking based on above chart, stock show a continuation of the trend with MACD and RSI in the Bullish areas, the stock is in a strong bull market with both 50 day and 200 day moving average going up, however in overbought conditions. Keep an eye on RIMM.
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.
Labels: RIMM
