The Options Trader’s Guide to Technical Analysis
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#2 RIMM April 75 Calls
By Sam Collins, Daily Trader’s Alert
BlackBerry-maker Research In Motion (RIMM) is the traditional leader
in the wireless smartphone market, but it has been under pressure while its chief competitor, iPhone-maker Apple (AAPL),
has been a star performer.But it could be the 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.On March 8, 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 target
for the stock is closure of the gap at $83.My pick is the RIMM April 75 Calls (RFY 100417C00075000).
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