SSS - Follow-up on RIMM
|Published:||22 Oct 2010 17:43 ET|
Our apologies, that was the 65-day moving average, not the 50-day moving average as resistance for RIMM. We've found that stocks will often go just past their 50-day moving averages on the upside, where they can become optimal short-sale targets. Generally, this is around the 65-day moving average, a commonly-used moving average which can work. We know some who prefer a 63-day or some other interval, but any moving average's utility is more a function of how the person using it learns to interpret price/volume movement around that moving average, in our view.
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