Why I’m Actually Excited for Today’s “BlackBerry 10” Release

by alexoscarew | January 30, 2013 at 05:26 am

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http://www.investmentcontrarians.com/stock-market/why-im-actually-excited-for-todays-blackberry-10-release/1334/

By George Leong for Investment Contrarians

I can honestly say that I’m excited to see the introduction of the new and highly anticipated “BlackBerry 10” (BB10) operating system and products by Research In Motion Limited (NASDAQ/RIMM; TSX/RIM) today. The overall market also appears hyped up on the BB10 platform. Research In Motion (RIM) has surged 176% since trading at $6.43 on September 21, 2012, as traders speculate on the company.

My technical analysis shows a widening gap on the chart on January 22 on a bullish moving average convergence/divergence (MACD) indicator (marked by the circles in the chart below), which is bullish. But watch the overbought condition. Also, the emergence of a bullish golden cross as indicated on the chart was a strong buy signal.

My stock analysis suggests that RIM appears to be rising out from the ashes, as investors dive back into the once-fabled maker of the BlackBerry. Read More: http://www.investmentcontrarians.com/stock-market/why-im-actually-excited-for-todays-blackberry-10-release/1334/