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Forum - Wall Street Pit (BlackBerry Ltd. - BBRY)    Stock Due Diligence for All

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From: acinvestorblog (Rep: 803)Date: 04/15/2013 05:44
Forum: Wall Street Pit - Msg #2362337 - List BBRY msgs Thread #673517766 (Rec: 0)
On daily chart, the stock is still exhibiting a symmetrical triangle formation and still trading above its 200-day EMA (which has been supporting the stock price since January). As long as BBRY trades above it the medium-term trend is considered intact. If it breaks the 200-day EMA on its way down, that should be considered a bearish sign and the medium-term trend could be reversing. Stop loss at 12.98 recommended.

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