Trade Idea - RIMM
Thursday, February 21, 2008
Research In Motion are today in focus after the company said fourth-quarter subscriber gains probably will be as much as 20% higher than the 1.82 million forecast in December. The total subscriber base will be about 14 million by the close of the quarter ending March 1, the company said. Looking at the daily chart, if stock close today above $98, it will break the neckline will run to $120 area. So, keep particular attention on RIMM today, because this news weren’t applicable in share price.
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