Update on Research In Motion (RIMM) Short

On Monday I wrote about a head and shoulders setup in RIMM with a profit  target near  $51.  See here: http://steadytrader.wpengine.com/research-in-motion-rimm-head-shoulders-playing-out/ Today RIMM is rallying to the tune of 2.50% as of this writing, and as such is putting a feelski on the 200 day moving average (red line) from below (no pun intended).  I am […]