Research In Motion
Research In Motion (RIMM) is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market. This stock is trading up 8.9% at $15.76 in recent trading.
Today's Volume: 20 millionAverage Volume: 22.8 million Volume % Change: 100% From a technical standpoint, RIMM is starting to break out today now that the stock is moving above some near-term overhead resistance at $15 on decent volume. If shares of RIMM can manage to sustain a high-volume move and close above $15 and close near the daily highs, then this stock should setup to re-test its 50-day moving average of $17.33 in the near future. A high-volume move and close above $17.33 should setup RIMM to trade back into the $20s. Research In Motion, which shows up on a recent list of 6 Tech Stocks to Avoid in 2012, was featured recently in "7 Extreme Stocks to Trade in This Volatile Market" and "5 Big Surprise Stock Losers of 2011."
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