Research in Motion (RIMM) is also hitting our radar screens as a potential short-sale target. Here we might look for the lows of late August under 45 to be tested if the stock is unable to get above resistance at the 50-day moving verage and the 50 price area. Again, if the general market pulls off for a few days tactical short-sale set-ups can be profitable, so watch for general market weakness as confirmation. Listen to Gil at 6:45 a.m. Pacific Time, 9:45 Eastern Time, this Monday October 25th on KFNN for more on shortselling in this current environment.
SSS - Research in Motion (RIMM) Wedging Up Into Resistance at 50-dma
|Published:||22 Oct 2010 15:23 ET|
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