The following is technical analysis on Research In Motion Ltd. (RIMM) stock for October 19, 2009.Research In Motion Ltd. (RIMM) - Support and Resistance Levels - 10/19/09
Resistance Levels - $71.47, $75, $76.77
Support Levels - $65. $64.67
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Research in Motion Ltd. (RIMM) closed back below the 10 day moving average ahead on the AAPL earnings on Monday. Support is located at $65 as well as the 200 day moving average located at $64.67. A close below these two levels would be very bearish and i'd actually be a seller.
On the upside, $70 is now resistance as well as $71.47. As soon as RIMM closes above $71.47, I will get back into the stock. $71.26 was the high of the day right after RIMM reported the earnings disappointment. For More Technical Analysis - Go Here
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