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RIMM Makes Bullish Cross Above Critical Moving Average

By Market News Video Staff, Thursday, April 28, 11:50 AM ET
Play Video: Learn About The 200 DMA

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In trading on Thursday, shares of Research in Motion, Ltd. (RIMM) crossed above their 200 day moving average of $56.41, changing hands as high as $57.32 per share. Research in Motion, Ltd. shares are currently trading up about 2% on the day. The chart below shows the one year performance of RIMM shares, versus its 200 day moving average:

Research in Motion, Ltd. 200 Day Moving Average Chart

Looking at the chart above, RIMM's low point in its 52 week range is $42.53 per share, with $74.23 as the 52 week high point — that compares with a last trade of $56.81.

RIMM makes up 8.71% of the Wireless HOLDRS ETF (WMH)

RIMM operates in the Communications Services sector, among companies like Arris Group Inc. (NASDAQ:ARRS) which is down about 9.2% today, and Tata Communications Ltd (TCL) trading lower by about 3.7%. Below is a three month price history chart comparing the stock performance of RIMM, versus ARRS and TCL.

RIMM,ARRS,TCL Relative Performance Chart


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