Research In Motion
Nearest Resistance: $18
Nearest Support: $12.50
Catalyst: Record BlackBerry Order
Shares of Research In Motion (BBRY - Get Report), better known as BlackBerry these days, are managing to shrug off some of yesterday's gains this afternoon after the firm announced a record 1-million unit order for its new BlackBerry 10 smart phone. The news comes as the latest shot in the arm for BBRY, in spite of today's minor correction, since the $8 billion handset maker has been under some pretty substantial pressure in recent years at the hands of rivals such as Apple and Samsung.But while shares are climbing fast in the short-term, the rally may be short-lived from here. That's because BBRY is starting to look "toppy" again thanks to a head and shoulders topping pattern that's been forming in shares for the last few months. If BBRY takes out support at $12.50, look out below. BBRY was also featured earlier this week in " 4 Big Stocks Rising on Big Volume."
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