TMCnet News
Upgrade Alert for Research In Motion (RIMM)Jan 18, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Research In Motion (NASDAQ:RIMM) was upgraded from Hold to Buy at Jefferies today. The stock closed yesterday at $14.91 on volume of 38.7 million shares, below average daily volume of 48.5 million. 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. Research In Motion (NASDAQ:RIMM) defies analysts with a current price ($14.91) 29.0% above its average consensus price target of $10.59. The stock should find initial support at its 50-day moving average (MA) of $11.60 and further support at its 200-day MA of $9.78. Over the past year, Research In Motion has traded in a range of $6.22 to $45.91 and closed yesterday at $14.91, 140% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 4.5% while the 200-day MA has risen 0.2%. SmarTrend is monitoring the recent change of momentum in Research In Motion. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Research In Motion in search of a potential trend change. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |