Don't Ignore This Chart!

RIMM Tests its Low and Shows Relative Weakness

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Research in Motion (RIMM) remains down in the dumps as the Price Relative broke below its December low and remains in a downtrend. This RIMM:QQQ ratio falls when RIMM underperforms QQQ. On the price chart, RIMM is testing its December low, but the new low in the Price Relative argues for a break to new lows.

120312rimm
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Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. Learn More
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