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[Costa]

Research In Motion Ltd (NASDAQ:BBRY) lost 7.9% on heavy volume but closed above its 50-day moving average. If the stock can hold this level on Monday it should be a really good entry point to take a long position jmho From a technical perspective the stock is on a bull market as the stock is trading above both 50-day and 200-day moving average and 50-day moving average is on top of 200-day moving average heading upwards. Additionally, the MACD indicator is rising above 0 also indicating a buy. Monday will be an interesting day for BBRY. No one knows, how the stock will react. It is a waiting game now !!

Stocks to watch next week