This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

7 Extreme Stocks to Trade in This Volatile Market

Research In Motion

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Exreme: Oversold; RSI at 22.36

Nearest Resistance: $16

Nearest Support: $12.45 Research In Motion (RIMM) has been Wall Street's whipping boy for a while now, eroding most of shareholders' equity -- over 76% this year -- as rivals such as Apple (AAPL) took vast amounts of market share from the once-dominant BlackBerry. But the carnage could be ending thanks to a reversal in RSI.

While it's a mistake to sell just because RSI goes oversold, the swing from oversold to neutral (crossing above 30) can be a much more important buy signal. That's what we're seeing in RIMM now, with shares up more than 10% today thanks to an overcorrection from a post-earnings selloff.

I'd recommend sitting on the sidelines until nearest resistance at $16 gets taken out. More eager traders who want to take a position now would do well to keep a protective stop at $12.45.

Research In Motion shows up on a recent list of 6 Tech Stocks to Avoid in 2012.
5 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
EDMC $0.18 0.00%
CREE $27.64 0.00%
HD $133.88 0.00%
PAA $24.78 0.00%
NRP $1.75 0.00%


Chart of I:DJI
DOW 17,719.92 -78.57 -0.44%
S&P 500 2,080.41 -9.70 -0.46%
NASDAQ 5,108.6660 -18.8590 -0.37%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs