Trade Idea - RIMM
Friday, January 18, 2008
Research in Motion is another in focus on today trading, stock has been upgraded to "Outperform" from "Perform" and with a $115 price target by Oppenheimer & Co, citing the still-strong demand for the Smartphone maker's products. Looking at the daily chart, stock has been trading under a big selling pressure accompanying the tech sector to the down side. Stock needs to breakout soon the major resistance at $97 to believe in a new uptrend for stock, so keep an eye on this stock.
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.
Labels: RIMM
