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Sep 25

Technical Comments on Equities in Today’s News

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Research in Motion Limited (NYSE:RIMM $70.47 U.S., TSE: RIM $76.84 Cdn.)
News events: Lower third quarter guidance, downgrades by at least four investment dealers
Technical comment: Research in Motion opened about 15% lower in U.S. and Canadian Dollars this morning. It broke support in U.S. Dollars at $70.38 and in Canadian Dollars at $77.56. It also broke [...]

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Sep 14

Tech Talk for Monday September 14th 2009

Daily Reports 12 Comments »

Technical Comments on Equities in Today’s News
Biovail Corporation (NYSE:BVF $13.70) upgraded by Credit Suisse from Neutral to Outperform. Biovail currently has a positive technical profile. Intermediate technical trend is up. The stock trades above its 200 day moving average and this morning moved above its 50 day moving average. Resistance exists at $14.15. Short term [...]

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