Research In Motion RIMM Stock Upgrade

October 9, 2009 - Shares of Research In Motion Ltd. (RIMM) are set to open pre market in the $69's this morning as RW Baird is out with a key Upgrade.

RW Baird thinks the recent selling has been overdone and views the weakness as a buying opportunity.

The firm reiterates their $84 Price Target on the stock.

What am I watching?

I have been watching a key level on Research In Motion Ltd. (RIMM) for a sign of a trend reversal. The day after RIMM reported earnings, the stock hit a high of $71.24 and then pulled back under the $70 support level. A close back over $71.24 would be very bullish. I am watching this closely.

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