Research In Downward Motion
Research In Motion Ltd.(NASDAQ:RIMM) is one of the leading mobile device makers in the world. The stock has been weak on the daily charts since topping out on February 18, 2011 at $70.54 a share. The stock is declining again this morning by $1.00 to $61.40 a share. Traders can watch the $60.95 area for intra-day support. Please remember that the major stock indexes are weak today and this support level may not hold up very long if the market declines further. The next Intra-day support area would be around the $60.50 area.