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 […]
Closing Research In Motion (RIMM) Short
Folks, we just closed (i.e bought back the out of the money calls we sold a while back) our short in RIMM. We discussed opening this trade HERE and HERE. Now that our profit target near the $40 area, and at the bottom of the long-term downward sloping channel has been reached we feel taking risk […]