I'd recommend being a seller if BBRY drops below it's most recent swing low of $13.
Nearest Resistance: $53
Nearest Support: $49
Catalyst: Secondary Offering
Nearest Support: $7
Catalyst: Share Offering Shares of RAIT Financial Trust (RAS - Get Report) are off by close to 3% today after pricing the firm's 7 million share offering. The corporate action is making RAIT Financial Trust one of the most heavily traded names on the NYSE today. As a real estate investment trust, RAS is obligated to pass on the vast majority of its earnings onto shareholders. As a result, it's dependent on fundraising efforts like share offerings in order to raise investment capital. From a technical standpoint, RAS' price action broke this stock's otherwise bullish price action from the last month. An aborted bullish technical pattern is generally just as bad as an outright bearish one, and for RAS, that means that a dip to support at $7 looks likely. Buyers should wait for shares to re-establish support before jumping into a position in this stock. Tumi Holdings Nearest Resistance: $25
Nearest Support: $20
Catalyst: Secondary Offering The last trading session of 2013's first quarter is proving a popular one for secondary share offerings -- Tumi Holdings (TUMI - Get Report) is yet another firm that's trading off by a few points today after pricing a 10.14 million share offering earlier in the week. Tumi is getting set to celebrate it's one-year anniversary as a publicly traded company next month, but share aren't exactly presenting a compelling buy signal right now.