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#KillirGuestPost by @Wesley_Harr talking $RIMM ~~~~~ written by Wesley Harr ~~~~~ Research In Motion (RIMM), I have to admit I throw up a little in my mouth when I say the name.  The name is in the process of trying to put in a double bottom and is worth a shot to look at it from the long side.  On December 20 it put in an intraday low of $12.45 following this it ran up to the $17.96 level over the course of a month and then proceeded to fail once again.  This has been followed by a steady slide in the name since then.  Currently the name is trading around the $13.00 area and green in this red tape which is interesting.  So far over the last three sessions the low water mark is $12.61 so the 52 week low is still holding.  If you decide to participate in this on the long side I would wait for a print under $13.00 to put the long trade on and I would exit any long on a break below the 52 week low.  Note on the chart the name will not have broken out to the upside until it transcends the $14.45 area.  

-Wesley Harr
#KillirGuestPost by @Wesley_Harr talking $RIMM ~~~~~ written by Wesley Harr ~~~~~ Research In Motion (RIMM), I have to admit I throw up a little in my mouth when I say the name. The name is in the process of trying to put in a double bottom and is worth a shot to look at it from the long side. On December 20 it put in an intraday low of $12.45 following this it ran up to the $17.96 level over the course of a month and then proceeded to fail once again. This has been followed by a steady slide in the name since then. Currently the name is trading around the $13.00 area and green in this red tape which is interesting. So far over the last three sessions the low water mark is $12.61 so the 52 week low is still holding. If you decide to participate in this on the long side I would wait for a print under $13.00 to put the long trade on and I would exit any long on a break below the 52 week low. Note on the chart the name will not have broken out to the upside until it transcends the $14.45 area.

-Wesley Harr

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