Downward Volume Alert in R-I-M (RIMM)

Posted in pre-market 
August 10th, 2009

We are seeing a price alert in Research In Motion Ltd. (NASDAQ: RIMM) this morning.  Shares are down close to 2% at $75.70 as of 8:43 AM EST.  It was the analyst downgrade that nailed this one today:

  • Research In Motion (RIMM) Cut to Neutral at UBS.

Be advised that if this gets much weaker, its 50-day moving average this morning is listed as $74.98.  So far only 40,000 shares have traded hands, but that should pick up handily as the morning gets closer to the open.   -JON OGG

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