The following is Research in Motion Ltd (RIMM) technical analysis for March 27, 2011
Research in Motion Ltd (RIMM) Support and Resistance Levels - 3/27/11
Resistance Levels: $60
Research in Motion Ltd (RIMM) Support and Resistance Levels - 3/27/11
Resistance Levels: $60
Support Levels: $55, $50
Chart - Courtesy of www.stockcharts.com
Research in Motion Ltd (RIMM) dropped hard after earnings on Thursday night. Research in Motion has support at $55 now. Research in Motion will have resistance on the upside located at $60 & $65. RIMM is a strong buy below $55. RIMM will probably be dead money in the short term but if the stock can stay above $55, I think it will attract some new buyers.
Chart - Courtesy of www.stockcharts.com
Research in Motion Ltd (RIMM) dropped hard after earnings on Thursday night. Research in Motion has support at $55 now. Research in Motion will have resistance on the upside located at $60 & $65. RIMM is a strong buy below $55. RIMM will probably be dead money in the short term but if the stock can stay above $55, I think it will attract some new buyers.
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