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Tuesday, December 29, 2009

P Stock Play of the Week RIMM


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Industry: Computers Closing Price: 68.33 P/E: 15.4 Avg. Vol.: 18,033K

Company Profile: Research In Motion Limited (RIM) designs, manufactures, and markets wireless solutions for the worldwide mobile communications market. The Company provides platforms and solutions for access to email, phone, SMS messaging, Internet, and Intranet-based applications.

Chart Setup: Buy Setup

Trading Strategy: We'll look to buy RIMM if it trades above 68.33 Place a stop under 67.24 Target 1: $71.50

STOPped out 12/30 at 67.21

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