Our RIMM Long is in the Green

Here is one that is confirming, we went long on RIMM right before earnings on a positive divergence in the 15 min chart which was very strong, we have stayed long because that divergence has improved even though RIMM gapped down after earnings. The position is now in the green.

 The daily chart shows the break even point at the white trendline, RIMM is now in a decent profit, it wasn't earnings, but as I suspected, something positive was going on with RIMM.

 Here's early confirmation...

 The 5 min is looking pretty good too

Since the 15 min has been so strong for so long, it has bled into the 30 min which is now leading.

I'm not crazy about the parabolic action in RIMM today, but that is what short covering looks like. For now, it will remain in the model portfolio long.