Let’s have a look at the Research In Motion the innovator that bought the world BlackBerry, the tool that keeps us connected, from a Technical POV (point of view). Research In Motion Limited, Waterloo, Canada (NASDAQ (GS): RIMM)
The overall analysis after Wednesdays market action is Bearish, in the near term it is Neutral, mid-term Neutral, and long term Very Bearish, this can change on any strong upside action with good volume.
Today RIMM closed minus 2.59 pts at 52.97 on volume approaching 28.7MM/shrs on the day (Nov. 05, 2008) putting it #10 on today’s NASDAQ most active list.
There are 5 Open Gaps Down on the chart dating back to June 26, 2008 (137.49) thru October 6, 2008, (59.59), the near term resistance is the 50 day moving average at 72.55.
This is Research in Motion: RIM moves with its customers. In the world of personal communications Research in Motion provides wireless hardware, software, and services to customers worldwide. Its signature BlackBerry smart phones handle voice, email, and text messaging, + Internet access. RIM also provides software development tools and makes radio-based modems that other manufacturers incorporate into portable devices. RIM sells to corporations, resellers, and wireless carriers. The ubiquitous BlackBerry devices are offered by service providers including AT&T Mobility, T-Mobile, and Verizon Wireless.
RIM’s competitors are primarily in the Handheld Computers & Accessories industry. It also competes in the Computer Networking Equipment, Wireless Software, and Wireless Telecommunications Equipment sectors. RIM competitive landscape includes: Apple, Microsoft, and Nokia.
RIM is ranked #107 on the Financial Times Global 500 list with sale of US$ 6+B and 8,400 employees.
Note: Demand for RIM and their competitor’s products is tied to consumer and business income. The profitability of individual computer companies depends on purchasing and production efficiencies, and on technological expertise. Large companies like RIM have economies of scale in purchasing and production. Small companies can compete successfully by specializing in certain products or by developing superior technology.
The industry is capital-intensive and highly automated: annual revenue per employee is about $500,000. The output of North American computer manufacturing is forecast to grow at an annual compounded rate of 3.9 percent between 2007 and 2012.
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