Chart.ly Chart of the Day: Research in Motion RIMM

  • Posted by
  • on March 3rd, 2010
ldrogen

Today on the Chart.ly Chart of the Day we take a look at Research in Motion $RIMM with @rafitax.  RIMM is back up to a major resistance level located around the 72$ level.  The rising trend line since March and decent relative strength over the past few months says that we may see a breakthrough this time around.  Remember the more times a support or resistance level is tested, the more likely it is to break.  Look for a break of 72 and a gap fill.

ldrogen

Leigh Drogen is the founder and chief investment officer of Surfview Capital, LLC, a New York based asset management firm. Leigh specializes in momentum and long/short strategies across several different asset classes. Using technical analysis supported by macro economic and fundamental factors, Leigh takes advantage of high probability movements on the swing trading time frame. Prior to founding Surfview Capital, Leigh served as an analyst and trader for Geller Capital Management, a White Plains, NY based asset management firm. His educational background includes focus in economics and international relations, specifically war theory. Along with publishing his own blog, Leigh heads up the development of the Chart.ly platform at StockTwits. Outside of the markets, Leigh continues to play competitive ice hockey and is a dedicated New York Rangers fan. You can follow him on his blog LeighDrogen.com.


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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