Buy RIMM Stock? Research in Motion (RIMM) October 2012

Research in Motion (RIMM) stock has been on fire today due to a better than expected earnings report.  So is it time to buy RIMM?  For right now, I say no.  RIMM stock hit a high at $8.20 and is now filling the gap.  Either buy RIMM below $6.50 or wait for the stock to break above $8.20.  Hopefully this tip helps you!

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RIMM Stock Technical Analysis - 10/19/09

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

Chart - http://stockcharts.com

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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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Dow Jones Close 11/18/08 - Stock Market Report

Stock Market Closing Prices - 11/18/08

Dow Jones Industrial Average ( DJIA ) Close - 8424.75 Up 151
Nasdaq Stock Market Close - 1483.27 Up 1.22
S&P 500 Close - 859.07 Up 8.33

Libor Rates - 11/18/08

1 Month - 1.45%
3 Month - 2.22%

Commodities Closing Prices - 11/18/08

Gold - 736
Oil - 54.57
Natural Gas - 6.52

The Dow Jones Industrial Average closed at 8424.75 on 11/18/08, as investors continued to sell stocks again today but with the stock market bouncing off its lows from earlier in the afternoon and the Dow Jones gaining on the day. We had a nice buy program hit the market in the final half hour of trading. The Stock Market Futures were down big this morning, The Dow Jones futures were actually down 165 at one point but Hewlett Packard ( HPQ ) pre released earnings and the company reported $1.03 vs $1.00 per share and raised guidance for 2009. Let me say that again; HPQ raised guidance for 2009. Yes, there is a company doing well in this environment. HPQ was up around 16% at one point. Research in Motion ( RIMM ) has been strong for the second straight day and has been a bright spot in the tech sector today. General Motors ( GM ) has been weak all day down around 9% to $2.87 per share. Goldman Sach ( GS ) continues to be weak as well. Goldman is a key indicator for a market turnaround. If GS stock can get some upside I think the Stock Markets will follow. At the close today, Carter Worth reiterated his " all in long " position on the stock market. That is pretty much all that happened today in the stock market, nothing to exciting, lots of sellers, very little buyers, very light volume!

Dow Jones Technical Analysis Chart
Today's Biggest Gainers - November 18th, 2008

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RIMM Research in Motion Analysis for 10/27/08

RIMM Research in Motion Technical Analysis for 10/27/08

RIMM Support and Resistance Levels

Rimm appears to have finally have support from Friday October 24th, 2008 at the $40 level. I really don't see RIMM stock going much lower. If it does, Rimm will be getting buyout offers if you catch my drift! In the coming weeks it is possible for a retest of $40 if market conditions in the stock market deteriorate. RIMM is a great company with a great product...growth is slowing, but not this much. Yes, Apple ( AAPL ) is starting to eat their lunch with iPhone sales but there is plenty of business to go around. Having your stock go from $135 to $40 in 75 days,. well, this is what happens when every hedge fund on wall street owns your stock in a deleveraging period.

Resistance is at $46 and $50...when this stock turns it will be jaw dropping like a lot of other stocks out there. A close back over $70 and this stock will really get moving. RIMM is the ultimate day trading stock right now in my opinion.

New Technical Analysis Charts, Visa ( V ) Apple (AAPL) RIMM

This morning in premarket you will want to watch CLR as they reported some nice earnings. Earnings reports continue to come out...so far they are so so.

As for the Dow, I think we will retest the lows in the coming weeks just to see whats there. If we break the lows on a closing basis, look out below!

Here are some new technical analysis stock charts....I will continue to update my regular stock charts.