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Monday, February 26, 2007 

RIMM Breakout

Chart courtesy of stockcharts

Shares of RIMM rose more than 4.5% to 146.77$ after Mike Abramsky of RBC Capital Markets upgraded the stock to an outperform rating. Abramsky raised his price target to $180 from $145.Looking at the chart the stock breakout today an important resistance at 145$ followed by a huge volume. All Indicators are Bullish.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a nice evening !!!!

AC

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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