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Day: April 4, 2011

Research In Motion (RIMM) Head & Shoulders Playing-Out

As discussed early morning today in the pre-market morning video (http://steadytrader.wpengine.com/video-2/march/), RIMM is in the progress of playing out a classic head & shoulders pattern.  See chart below.  The target is just north of $51.  Several things make this head & shoulders pattern nice in RIMM.  Note the consolidation period around the 200 day moving […]

Apple (AAPL) Is Setting Up For A Long and A Short Trade

Apple (AAPL) has been making lower highs and lower lows over the past six weeks or so, as noted on the daily chart below.  Why is this important?  AAPL is one of the most widely held stocks and as such one of the most widely followed companies.  Its stock price for the past few years […]

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