The following is technical analysis on Research In Motion Ltd. (RIMM) stock for November 30, 2009.Research In Motion Ltd. (RIMM) - Support and Resistance Levels - 11/30/09
Resistance Levels - $61.49, $63.50, $65.16
Support Levels - $56.60, $54.30
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Research In Motion Ltd. (RIMM) continues the bearish downtrend which began the day after their last earnings report. For a trade, I plan to buy RIMM when it closes back over the 10 day moving average. Resistance is located at $61.49 & $65.16. I will buy more stock for my long term portfolio when RIMM closes back over $65.16. Support on the downside is located at $56.60 and $54.30. If RIMM falls below $54.30, you may want to think about going short for a trade. Earnings are due out 12/17/09. For More Technical Analysis - Go Here
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