Research in Motion Limited(RIMM) has rising momentum with an uptrend

(29-Feb-2008) (29-Feb-2008) Research in Motion Limited(RIMM) closed at 109.05, down -2.45 or -2.2 % today. Based on our analysis, Research in Motion Limited(RIMM) has rising momentum with an uptrend.

The closing price of Research in Motion Limited(RIMM) is above its 50 day moving average of 99.36 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Research in Motion Limited(RIMM) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line on 8-Feb-2008, about 15 trading days ago.