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Shares of Research In Motion Exhibit Possible Trend Reversal as it Trades Higher (RIMM)
Jan 14, 2013 (SmarTrend(R) News Watch via COMTEX) --
The price of Research In Motion shares has climbed to $14.64 (a 8.0% change) on heavy trading volume. About 57.0 million shares have been traded today, as compared to the 30-day average volume of 42.9 million shares. Spikes in volume can validate a breakout or signify a potential turning point.
SmarTrend is tracking the current trend status for Research In Motion and will alert subscribers who have RIMM in their portfolio or watchlist when shares have changed trend direction.
Over the past year, Research In Motion has traded in a range of $6.22 to $45.91 and is now at $14.42, 132% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 4.3% while the 200-day MA has slid 0.4%.
Write to Chip Brian at cbrian@mysmartrend.com
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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
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