Bernie Schaeffer
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Two Takes on Research In Motion: Daily

Posted By: Bernie Schaeffer 06/11/2012

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RIMM Has Room to Rally Before Testing Resistance
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Trader Comments

Bernie Schaeffer:

To view the breakout on RIMM's intraday chart, click here.

Bryan Sapp:

The psychological 10 level appears to be a near-term floor.  Without much technical resistance until the 12.50 area, risk/reward looks good here.

Todd Salamone:

Big 11-strike put open interest in the June series.  If the shares manage to rally above this strike, there is increased short-covering potential related to the expiration of the put open interest.

Tony Venosa:

The low on 5/29 was $10.88, the day before an 11 percent gap lower following a business update.   

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