AI
Monday, May 18, 2009 10:28:00 AM
Re: RIMM vs. $COMPQ - Relative Strength:
This 12-month, daily chart's trendlines may guide the directional opinion of the trader. Bears are looking a relative gain of the broader market in which RIMM trades, indicative of some underlying weakness in the stock of interest. Conversely, bulls are looking at a relative continuation of the balck line uptrend.
This relative strength chart implies that the comparative pair (RIMM vs. $SCOMPQ) has weakened. This may or may not affirm the bearish expectation. Only time will tell, but the probability of a downturn in RIMM increases at the chart turns negative:
D.
This 12-month, daily chart's trendlines may guide the directional opinion of the trader. Bears are looking a relative gain of the broader market in which RIMM trades, indicative of some underlying weakness in the stock of interest. Conversely, bulls are looking at a relative continuation of the balck line uptrend.
This relative strength chart implies that the comparative pair (RIMM vs. $SCOMPQ) has weakened. This may or may not affirm the bearish expectation. Only time will tell, but the probability of a downturn in RIMM increases at the chart turns negative:
D.
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