TMCNet:  Downgrade Alert for Research In Motion (RIMM)

[February 01, 2013]

Downgrade Alert for Research In Motion (RIMM)

Feb 01, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Research In Motion (NASDAQ:RIMM) was downgraded from Equal Weight to Underweight at Evercore today. The stock closed yesterday at $12.98 on volume of 111.7 million shares, above average daily volume of 65.2 million. Research In Motion share prices have moved between a 52-week high of $45.91 and a 52-week low of $6.22 and closed yesterday at 109% above that low price at $12.98 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 3.8%.


Research In Motion Limited (RIM) designs, manufactures, and markets wireless solutions for the worldwide mobile communications market. The Company provides platforms and solutions for access to email, phone, SMS messaging, Internet, and Intranet-based applications.

Based on a current price of $12.98, Research In Motion is currently 11.5% above its average consensus analyst price target of $11.48. Research In Motion shares have support at the 50-day moving average (MA) of $12.94 and additional support at the 200-day MA of $9.91.

SmarTrend is monitoring the recent change of momentum in Research In Motion. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Research In Motion in search of a potential trend change.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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