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Tuesday, September 15, 2009

RIMM Stock Technical Analysis - 9/16/09

The following is technical analysis on Research In Motion Ltd. (RIMM) stock for September 16, 2009.

Research In Motion Ltd. (RIMM) - Support and Resistance Levels - 9/16/09

Resistance Levels - $83.45, $86.00, $95

Support Levels - $80, $78, $75.90



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Research In Motion Ltd. (RIMM) continues the powerful uptrend which started in March. RIMM recently broke above the August high of $80.59 and is now poised to retest the June high of $86.00. Pullbacks to $78 are now a strong buy going forward. If RIMM does close above $86, I don't see any major resistance until $95-$100. For more Technical Analysis - Go Here

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