Research in Motion (NASDAQ:RIMM) has been on the (trash) list the last quarter or so. The company had great earnings, introduced the Torch smartphone, and finally came out with the PlayBook tablet to compete with the iPad. To this point, though, these developments have not been received favorably by the market.
With a new quarter beginning next week and the holidays around the corner, it could be a time for reversal of fortunes (and stock price) for Research in Motion. This level is a good entry point in RIMM for a calculated trade. If you look at the old laggard leaders like CREE and Sandisk (SNDK) they started to get frisky and we entered those small earlier this week. RIMM could be next.