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News Breaks | | | | January 11, 2013 | | 12:40 EDT |  | RIMM | Research in Motion breaks out, levels to watch
There had been a bearish pennant set-up on the daily chart, but as of this morning that pattern has been voided. With the stock up over 8.6%, the shares are beginning to fill in a bearish gap from December. The gap fill and the reversal away from the bearish pattern are bullish. That this took place today on a downgrade from BMO Capital to Underperform with a price target cut to $9, and after the company said it was impacted by Vodafone's (VOD) outages in Europe, the Middle East, and Africa is also bullish. At the current price of $13.07, next resistance is at $13.28, and then at $13.88. A move to that higher price point would fill the gap completely. Support is at $12.67. | |
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News For RIMM From The Last 14 Days Check below for free stories on RIMM the last two weeks. |
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| June 18, 2013 | | 06:17 EDT |  | RIMM | Taiwan tablet sales to reach 2M units in 2013, DigiTimes reports
Tablet demand in the Taiwan market is set to reach 2M units in 2013, reports DigiTimes, according to a Far EasTone Telecommunications Officer. Maxwell Cheng said the forecast for tablet sales volume in 2013 is set to double the level in 2012, with the 7-inch models estimated to account for 70%-80% of solid tablets. Reference Link | |
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