Research In Motion Heads Towards Target

Research In Motion Ltd (NASDAQ:BBRY) continues to head towards the key $10.25 level, given out weeks ago. When this stock was trading near the 52 week highs of $18.00, I said it would pull back to $10.25. The current price is $12.64, -0.61 (-4.64%). It is almost there. At that level, technically it will become a long again for a good, strong bounce.This stock is a great swing trading stock and I will play it many times, long and short in the next year. Enjoy this level and profit.

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Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com

 

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