RIMM Breakout !!!
Friday, October 05, 2007
( Yesterday close ) Chart courtesy of stockchart

Shares of Reasearch in Motion are gaining more than 11% at this momemt after the BlackBerry maker reported strong fiscal second-quarter results and forecast a better third quarter than analysts expected. Looking at the chart stock broke out to all time highs early in the morning, making at new 52 week year high at $112.84. Stock is now in a breakout mode with all indicators moving strongly up. Reasearch in Motion is now one of the hottest stocks of the market without no resistances above and with a huge potential.

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.

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posted by Pro Investor Trader at 9:35 AM | Permalink


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