Research in Motion (RIMM) NewsBite - RIMM Unveils New BlackBerry

Research in Motion (RIMM) was covered in a Bloomberg Video Report today and the stock is now at $82.87, up $2.49 (3.10%) on volume of 6,472,217 shares traded. To see the video report go to http://www.marketintelligencecenter.com/VideoNews . Over the last 52 weeks the stock has ranged from a low of $35.05 to a high of $148.13. Research in Motion stock has been showing support around $78.31 and resistance in the $83.57 range. Technical indicators for the stock are neutral and S&P gives RIMM a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on RIMM the stock seems like it could be a candidate for a July out-of-the-money bull-put credit spread below the 70 range.

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