By Tim - http://stockstobuy.org
Shares of Research in Motion Ltd (RIMM) are dropping hard in afterhours tonight after the company reported worse than expected earnings. RIMM came into the day trading up near $65 but is now trading around $58.00. Research in Motion Ltd (RIMM)
Research In Motion Reports Year-End and Fourth Quarter Results for Fiscal 2011
RIMM reported revenue for the fiscal year ended February 26, 2011 was $19.9 billion, up 33% from $15 billion last year. Revenue for the fourth quarter of fiscal 2011 was $5.6 billion, up 1% from $5.5 billion in the previous quarter and up 36% from $4.1 billion in the same quarter of last year. The revenue breakdown for the quarter was approximately 81% for devices, 16% for service, and 3% for software and other revenue. During the quarter, RIM shipped approximately 14.9 million BlackBerry smartphones for a total of 52.3 million smartphones in fiscal 2011.
Showing posts with label rimm stock. Show all posts
Showing posts with label rimm stock. Show all posts
Thursday, March 24, 2011
Research in Motion Ltd (RIMM) Drops Hard
By Tim - http://stockstobuy.org
Shares of Research in Motion Ltd (RIMM) are dropping hard in afterhours tonight after the company reported worse than expected earnings. RIMM came into the day trading up near $65 but is now trading around $58.00. Research in Motion Ltd (RIMM)
Research In Motion Reports Year-End and Fourth Quarter Results for Fiscal 2011
RIMM reported revenue for the fiscal year ended February 26, 2011 was $19.9 billion, up 33% from $15 billion last year. Revenue for the fourth quarter of fiscal 2011 was $5.6 billion, up 1% from $5.5 billion in the previous quarter and up 36% from $4.1 billion in the same quarter of last year. The revenue breakdown for the quarter was approximately 81% for devices, 16% for service, and 3% for software and other revenue. During the quarter, RIM shipped approximately 14.9 million BlackBerry smartphones for a total of 52.3 million smartphones in fiscal 2011.
Shares of Research in Motion Ltd (RIMM) are dropping hard in afterhours tonight after the company reported worse than expected earnings. RIMM came into the day trading up near $65 but is now trading around $58.00. Research in Motion Ltd (RIMM)
Research In Motion Reports Year-End and Fourth Quarter Results for Fiscal 2011
RIMM reported revenue for the fiscal year ended February 26, 2011 was $19.9 billion, up 33% from $15 billion last year. Revenue for the fourth quarter of fiscal 2011 was $5.6 billion, up 1% from $5.5 billion in the previous quarter and up 36% from $4.1 billion in the same quarter of last year. The revenue breakdown for the quarter was approximately 81% for devices, 16% for service, and 3% for software and other revenue. During the quarter, RIM shipped approximately 14.9 million BlackBerry smartphones for a total of 52.3 million smartphones in fiscal 2011.
Friday, December 18, 2009
Research In Motion RIMM Stock Analysis - Strong Earnings
The following is technical analysis on Research In Motion Ltd. (RIMM) stock for December 18, 2009.Research In Motion Ltd. (RIMM) - Support and Resistance Levels - 12/18/09
Resistance Levels - $71.42, $71.60, $75, $82.72
Support Levels - $67.82, $65, $63.50
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Research In Motion Ltd. (RIMM) reported a powerful earnings report last night and upped guidance for the current quarter. RIMM is now trading over all three major moving averages and if the stock can remain above $69, the chance of another up move is large. The day after the last earnings report, RIMM tanked with the daily high being $71.42. The low was $68.47. A close over $71.42 would set up a move toward the $80's. A close below $67.82 would be bearish and I'd look for a retest of $65. Watch $71.42!
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Saturday, November 28, 2009
Research In Motion RIMM Stock Analysis
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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Saturday, October 17, 2009
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
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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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Friday, September 25, 2009
RIMM Stock Technical Analysis - 9/25/09
The following is technical analysis on Research In Motion Ltd. (RIMM) stock for September 25, 2009.Research In Motion Ltd. (RIMM) - Support and Resistance Levels - 9/25/09
Resistance Levels - $71.47, $75, $76.77
Support Levels - $70, $65
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Research in Motion Ltd. (RIMM) released earnings last night and reported worse then expected sales. The stock is now hovering right around the $70 support level. Keep an eye on $71.42 which was Friday's high of the day. When RIMM breaks up above this level, I will buy RIMM for a trade as it will signal a trend reversal. I would also be buying RIMM if it can trade back around $65 per share. On the upside, besides $71.42, RIMM will have resistance at $75 and the 50 day moving average located at $76.77.
For more Technical Analysis - Go Here
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Tuesday, September 15, 2009
RIMM Stock Technical Analysis - 9/16/09
The following is technical analysis on Research In Motion Ltd. (RIMM) stock for September 16, 2009.Research In Motion Ltd. (RIMM) - Support and Resistance Levels - 9/16/09
Resistance Levels - $83.45, $86.00, $95
Support Levels - $80, $78, $75.90
Chart - http://stockcharts.com
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Research In Motion Ltd. (RIMM) continues the powerful uptrend which started in March. RIMM recently broke above the August high of $80.59 and is now poised to retest the June high of $86.00. Pullbacks to $78 are now a strong buy going forward. If RIMM does close above $86, I don't see any major resistance until $95-$100. For more Technical Analysis - Go Here
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