Trade Alert - Research In Motion High Volume

rimm New York, November 23rd (TradersHuddle.com) - Unusual high volume detected on shares of Research In Motion Limited (NASDAQ:RIMM) early in the trading session. The pace in volume of Research In Motion is already above average, with buyers stepping in, as the stock is 13.06% higher.

Research In Motion Limited (NASDAQ:RIMM) designs, manufactures, and markets wireless solutions and smart phones for the worldwide mobile communications market. The Blackberry maker provides platforms and solutions for access to email, phone, SMS messaging, Internet, and Intranet-based applications.

Research In Motion has already traded 1.952 times its 3-month average volume and has calculated support and resistance at $8.14 and $9.17 respectively. Traders like to use volume as their lie detector for price action movement through predefined trading ranges.

The overall market index S&P 500 is trading higher by 0.93% from its previous trading close, which means that Research In Motion stock is outperforming the overall market.

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o Dow Jones 16,805.41 ▲127.51 (0.76%)
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INDEXDJX:.DJI

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Company ID [INDEXDJX:.DJI] Last trade:16,805.41 Trade time:4:30PM EDT Value change:▲127.51 (0.76%)
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Company ID [INDEXSP:.INX] Last trade:1,964.58 Trade time:4:30PM EDT Value change:▲13.76 (0.71%)
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Company ID [INDEXNASDAQ:.IXIC] Last trade:4,483.71 Trade time:5:15PM EDT Value change:▲30.92 (0.69%)

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