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RIMM Fades From Open



January 18, 2011 – Comments (0)

Research In Motion ltd.(NASDAQ:RIMM) has faded lower from a sharp gap higher open. The stock is a direct competitor to Apple Inc.(NASDAQ:AAPL). Yesterday Apple announced that its power CEO, Steve Jobs, would be taking another medical leave. RIMM stock will have intra-day support around the $64.70 and $64.00 levels. Traders may want to watch for small bounces around both support areas.

Nicholas Santiago

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