CSCO News Gives RIMM a Boost

By Sam Collins March 10, 2010, 07:41:40 AM EDT

 

Research In Motion ( RIMM ) -- The BlackBerry maker has been under pressure while its chief competitor, Apple ( AAPL ), with its iPhone, has been a star performer. But it could be time to load up on RIMM as a renewed emphasis on broadband power by Cisco Systems ( CSCO ) focuses on the ability of smartphones to operate at faster speeds with more data. 

 

RIMM Chart  

Chart Legend  

On Monday, RIMM broke from a triple-top at $72 into a gap created on Sept. 25, from $82.72 to $71.42, and did it on very high volume . The stock closed nicely above its 200-day moving average .

The target for the stock is closure of the gap at $83. S&P has a "four-star buy" on RIMM with a target of $90.

Related Articles:

Your Guide to Profiting From Asia's Explosive Growth
For access to the best-kept secrets about investing in China and the rest of Asia, plus the hottest stocks to buy and sell, sign up now for Robert Hsu's FREE investing newsletter, Asia Insider . It's sent right to your e-mail inbox every week -- absolutely FREE!




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Investing Ideas

Referenced Stocks: AAPL, CSCO, RIMM



Latest News Video

Volatile Week Ends Quietly
Volatile Week Ends Quietly          


From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.24 0.03  0.23%
FB $ 24.32 0.74  2.95%
SIRI $ 3.58 0.04  0.99%
GE $ 23.53 0.13  0.55%
PFE $ 29.04 0.07  0.24%
MSFT $ 34.27 0.12  0.35%
INTC $ 23.93 0.12  0.50%
P $ 16.43 0.73  4.25%