Research in Motion ( RIMM ) came in with earnings of .86EPS vs .87EPS - so they missed by a penny.....stock is getting hammered down to $84....I think this is way overdone but given the environment we are in right now....you better not miss earnings! Also, they are giving really bad guidance!
$80.20 is next support which was the low back in March.
Thursday, September 25, 2008
( V ) Visa Technical Analysis 9/25/08 - Visa V Stock Chart
Visa Technical Analysis 9/25/08
Right now you want to watch the $64 level for Visa. Besides the Thursday meltdown to $58.38.....Visa held on a closing basis, $64. Once ( V ) breaks out of this lower lows, lower highs trend, it will stop going down.
Your first sign of this trend reversal will be a close back over $71.16....then you will want to be on board the Visa train.
Right now you want to watch the $64 level for Visa. Besides the Thursday meltdown to $58.38.....Visa held on a closing basis, $64. Once ( V ) breaks out of this lower lows, lower highs trend, it will stop going down.
Your first sign of this trend reversal will be a close back over $71.16....then you will want to be on board the Visa train.
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