xtahce, re:RIMM,
Not much to say now after today's run on high volume..
It closed right at the 20dma on Friday, and looked like it was ready to fall off the trendline until the news hit today, and instead almost closed above the current trading range high of 87 11/16, the stock tanked 6 pts into the close today in the last hour, probably more due to market conditions.
The daily chart looks very much like PALM's, not sure if they are trading in sync, both show them coming out of basing patterns and look to go steadily higher, which in RIMMs case is much healthier than the quick parabolic rise it made between Jan/Mar 2000.
You said your next add point is $66-$67 which I guess you get from the 50dma currently being there, but if the stock starts trading below $70.00, I would watch it closely for a potential rollover, that 50dma is below the 200dma and is the last line of defense for your long position.
Fly |
