RIMM Still trading in a Bullish Mode

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Monday, March 05, 2007

RIMM Still trading in a Bullish Mode

Chart courtesy of stockcharts

Shares of RIMM feel 1% today to 134.52$ after the company announced early Monday that a review of stock options grants will cause it to restate its financial statements since fiscal 2004. Looking at the chart above stock still trading in a Bullish mode, but MACD fast line already crossed MACD slow line, so pay attention. Stock has a support at 130$ and 120$.

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

Labels: RIMM

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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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Disclaimer: I am a 48 year old Independent Trader using propriety technical analysis with more than 20 years experience of investing in the stock markets. I started this blog in 2006 simply as a way to share my thoughts on the market.Please keep in mind that My blog contains only my personal opinion and is provided for informational purposes only, and no mention of a particular security constitutes a recommendation to buy,sell, or hold that or any other security. My past results are not necessary indicative of future performance.Any trades or investments are committed at your own risk. I am not a professional money manager. Always consult your broker for any of your investment decision.Trade at your own risk. All opinion in this blog is intended for educational purpose only and AC Investor is by no means liable for any potential damages that may be incurred from this information.Trade at your own financial risk as I assume no responsibility for your investing decisions in the markets.

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Seeking to provide independent day trading strategies based on Technical Analysis.

Monday, March 05, 2007