Stock Picks – Research In Motion-RIMM

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. 

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.

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