{"id":1120,"date":"2010-02-15T11:15:18","date_gmt":"2010-02-15T16:15:18","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=1120"},"modified":"2010-02-15T11:15:18","modified_gmt":"2010-02-15T16:15:18","slug":"rimm-poised-to-fill-gap","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2010\/02\/15\/rimm-poised-to-fill-gap\/","title":{"rendered":"RIMM Poised Again to Fill September’s Gap Down"},"content":{"rendered":"

Research In Motion (RIMM) is riding a bit of upward momentum into this week’s Mobile World Congress<\/a> conference in Barcelona. The chart below shows that RIMM has broken above the 200-day moving average (DMA) on above average volume. If RIMM finally breaks the $72 resistance line, it could run up relatively quickly to fill September’s gap (around $83). RIMM has already accomplished a rare feat during 2010’s first earnings season – it has now recovered all its losses from a post-earnings fade. (I thought RIMM was poised to fill the September gap after the initial positive response to December’s earnings<\/a>).<\/p>\n


\n
\"RIMM<\/a>
RIMM has recovered from a post-earnings fade<\/figcaption><\/figure>
\n*Chart created using TeleChart:<\/strong> <\/a>
\n<\/center><\/p>\n

RIMM has also basked in the glow of numerous upgrades the past few days. For example, on Friday RBC Capital Markets upped RIMM to a “Top Pick”, and Wedbush Morgan initiated RIMM with an “outperform” and a $90 price target (see Eric Savitz’s Tech Trader Daily<\/a> for more details).<\/p>\n

Full disclosure: no positions<\/p>\n","protected":false},"excerpt":{"rendered":"

Research In Motion (RIMM) is riding a bit of upward momentum into this week’s Mobile World Congress conference in Barcelona. The chart below shows that RIMM has broken above the 200-day moving average (DMA) on above average volume. If RIMM finally breaks the $72 resistance line, it could run up relatively quickly to fill September’s … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[62],"tags":[253,252],"class_list":["post-1120","post","type-post","status-publish","format-standard","hentry","category-technical-analysis","tag-research-in-motion","tag-rimm"],"yoast_head":"\nRIMM Poised Again to Fill September's Gap Down - ONE-TWENTY TWO: Trading Financial Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drduru.com\/onetwentytwo\/2010\/02\/15\/rimm-poised-to-fill-gap\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RIMM Poised Again to Fill September's Gap Down - ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"og:description\" content=\"Research In Motion (RIMM) is riding a bit of upward momentum into this week’s Mobile World Congress conference in Barcelona. 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