Tuesday, December 20, 2011

RIMM makes an AH move

After putting in a positive divergence most of the day, RIMM moves up 10+% in After Hours trade.

 Here's the after hours move, note the positive divergence on the short term chart all day.

 Again, the 1 min chart showed a positive divergence during regular hours

And the 15 min hart which was originally strong enough that I thought this may be an earnings play (they beat on revenue, but had poor guidance) is showing an even stronger leading positive divergence on this important timeframe. It may be RIMM was under accumulation for an entirely different reason. We'll see what it does during regular hours. I still hold March calls in the options model portfolio.

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