October 7, 2012

RIMM Weekend update

 
 
  • RIMM is moving up after the bullish engulfing pattern of weekly chart with big volume.
  • Price managed to close above 20 Week SMA or Middle Bollinger band.
  • Price has broken above a down trend line. It has to sustain above 8.44 for a bigger up move to happen.
  • S&P 500 ANALYSIS AFTER CLOSE
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