Research In Motion
Nearest Support: $12.50
Catalyst: Record BlackBerry Order Shares of Research In Motion ( BBRY), 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."
Nearest Support: $19
Catalyst: Technical Setup Mexican phone carrier America Movil ( AMX) is finally catching a bid today, up 3.5% this afternoon after getting shellacked for the past two months. Shares are bouncing on high volume today, after this stock found a pocket of support at $19. If nothing else, that should buy AMX shareholders a little more time above water. That said, as a trader, I wouldn't recommend being a buyer here. Support's still too tentative to risk seeing AMX's bids evaporate. I'd recommend waiting for shares to push through today's high-water mark before trying to get opportunistic in America Movil.
Nearest Support: $3.60
Catalyst: Acquisition Rumors Zynga ( ZNGA) has been staging an impressive rally this quarter, up more than 45% in the last three months alone. This week, Facebook's ( FB) little buddy is getting extra attention from rumors over a proposed buyout by Yahoo! ( YHOO). Whether or not the rumors prove to be true is another story, but I'm willing to admit that ZNGA actually looks pretty decent from a technical standpoint. That's thanks to a solid round-number resistance level at $4, and uptrending support below shares. A breakout above $4 means that any glut of sellers has been taking out, and it suddenly makes sense again to be a buyer. To see these stocks in action, check out the at Most-Active Stocks portfolio on Stockpickr. -- Written by Jonas Elmerraji in Baltimore.
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