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Wednesday, April 6, 2011

Research in Motion (RIMM) Stock Analysis 4/6/11

By Tim - http://stockstobuy.org

The following is Research in Motion Ltd (RIMM) technical analysis for April 6, 2011

Research in Motion Ltd (RIMM) Support and Resistance Levels - 4/6/11

Resistance Levels: $60

Support Levels: $55, $50

Chart - Courtesy of www.stockcharts.com

Research in Motion Ltd (RIMM) continues to trade below $55. Research in Motion has support at $50 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 trade back above $55 and hold, I think it will attract some new buyers.

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