RIMM and ICE Slip
Shares of Research in Motion (RIMM) are trading right at $135 support levels, and are already down nearly 6 points or 4.2% on the day. Volume is nearing 5 million fast, and if $135 falls looks for a retracement towards the $120s. Then take a look at the Intercontinental Exchange (ICE) and you will find it down over 4% as well trading now under $100. The stock was looking to break through $105 and set new highs but only got to $105.10 today before turning south. Volume on ICE is just over 2.7 million, and the stock is set for a heavy distribution day today. A close under $100 is very bearish.
More on this topic
(What's this?)
TRADE OF THE DAY: RIMM EARNINGS
(THE PRAGMATIC CAPITALIST, 6/18/09)
Top 5 FREE Blackberry Applications
(GreenLightAdvisor Views, 5/27/09)
Technical Analysis Videos: How to Find Trades & AAPL Versus RIMM
(market folly, 7/1/09)










