JDA Software Group

Nearest Resistance: $45
Nearest Support: $44.75
Catalyst: RedPrarie Acquisition

Meanwhile, shares of enterprise software firm JDA Software Group ( JDAS) are getting a lot of trading volume this afternoon after the firm announced that it was going private in a $1.9 billion acquisition by rival RedPrarie. The news has JDA up more than 17% as I write, a number that's not likely to change much as the trading session progresses. The acquisition deal is effectively putting a tight fundamentally driven support and resistance level on shares of JDAS, which means that there isn't a trade to be made here unless you already own JDAS.

RedPrarie is buying JDAS for $45 per share, which means that the risk premium priced into this stock works out to a measly 0.5% right now.

Research in Motion

Nearest Resistance: $11
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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At the time of publication, author had no positions in stocks mentioned.

Jonas Elmerraji, CMT, is a senior market analyst at Agora Financial in Baltimore and a contributor to TheStreet. Before that, he managed a portfolio of stocks for an investment advisory returned 15% in 2008. He has been featured in Forbes , Investor's Business Daily, and on CNBC.com. Jonas holds a degree in financial economics from UMBC and the Chartered Market Technician designation.

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