Research In Motion (RIMM) 7/16/07

[Harry Aloof]

From Wall Street Trader's Column

RESEARCH IN MOTION LTD (RIMM-Nasdaq): Technical Viewpoint: From a low of $159.31 on Jun 27, 2007 prices rallied, reaching a high of $218.00 on Jul 6, 2007. A decline saw prices pull back, reaching a low of $206.31 on Jul 11, 2007. Another rally saw prices penetrate resistance line "A", closing yesterday at $227.52. Technicals: MACD Index (MACD): A Buy Alert! was given on Jul 2, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $216.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jul 29, 2007. A P&F downside reversal takes place at $222.00. Summary: Technical indicators have turned bullish. BUY! RESEARCH IN MOTION LTD (RIMM-Nasdaq) @ $228.25 Stop: Use a protective stop of $222.13. RESEARCH IN MOTION LTD is currently trading @ $227.52 plus $12.05 on Jul 13, 2007.

Price Objective: $250.00
Risk/Reward: $6.12 VS. $21.75
Today's Risk Reward Ratio: 4:1