Nearest Support: $44.75
Catalyst: RedPrarie Acquisition
Nearest Support: $8.50
Catalyst: BlackBerry 10 News Research in Motion (RIMM) is Wall Street's whipping boy no more. The Ontario-based mobile device maker is up more than 8.5% today on news that its BlackBerry 10 platform is ready to launch in the first quarter of 2013. RIMM's BlackBerry line ruled the high-end handset market until Apple (AAPL) stormed in with the wildly successful iPhone, and RIMM has been struggling to recapture lost ground ever since. The good news on the BlackBerry 10 has investors hoping that they'll see revenues move higher again. From a technical standpoint, RIMM looks great. That's because it managed to break out above $8.50 resistance on today's news. $8.50 had previously been a price ceiling where sellers had been more eager to sell and get out of a losing position than buyers were to step in and start buying. The breakout above $8.50 proves that RIMM can still catch a bid here. To see these stocks in action, check out the Most-Active Stocks portfolio on Stockpickr.
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