Research In Motion Ltd.(RIMM) is in an uptrend but could lose its momentum

(23-May-2008) (23-May-2008) Research In Motion Ltd.(RIMM) closed at 137.02, down -1.85 or -1.33 % today. Based on our analysis, Research In Motion Ltd.(RIMM) is in an uptrend but could lose its momentum.

The closing price of Research In Motion Ltd.(RIMM) is above its 50 day moving average of 126.23 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Research In Motion Ltd.(RIMM) is losing momentum. Sustained loss of momentum could put the uptrend at risk. The MACD histogram crossed below the signal line on 21-May-2008, about 9 trading days ago.