Trading Analysis: BlackBerry NASDAQ:BBRY
Trading Analysis: BlackBerry NASDAQ:BBRY
Profile: Research In Motion Limited designs, manufactures, and markets wireless solutions worldwide. It provides platforms and solutions, including email, voice, instant messaging, short message service, Internet and Intranet-based browsing, and multimedia content through developing integrated hardware, software, and services. The company’s BlackBerry smartphones use wireless, push-based technology that delivers data to mobile users’ business and consumer applications. Its BlackBerry smartphone portfolio includes BlackBerry Bold series, BlackBerry Torch series, BlackBerry Curve series, and the BlackBerry PlayBook tablet. The company’s BlackBerry enterprise solutions comprise BlackBerry enterprise server, BlackBerry enterprise server express, BlackBerry mobile voice system, and hosted BlackBerry services. It also offers development platform that allow third party commercial and enterprise software developers to build and deploy custom applications to run on BlackBerry smartphones, and products and technologies to third party developers, wireless carriers, and enterprise customers to develop distribute and manage these applications, as well as a range of software development tools. In addition, the company provides the BlackBerry Messenger Social Apps Platform; and push, payments, advertising, location, analytics, and scoreloop services, as well as the BlackBerry App World to discover and download/purchase of applications. Further, it offers BlackBerry Enterprise Server tools and technologies that enable secure and managed provisioning of applications; BlackBerry Enterprise App World that allows employees access to a catalogue of applications; and repair and maintenance services. The company sells its BlackBerry wireless solutions through wireless communications carriers and third party distribution channels. Research In Motion Limited was founded in Y 1984 and is HQ’d in Waterloo, Canada.
Headlines: BlackBerry Loses Another Big Customer to Apple
Institutional trading of BlackBerry shares yielded a bought/sold volume ratio of 0.98 Monday. A total of 352 block trades crossed the tape, resulting in 2,529,040/shares on the buy side Vs. 2,570,789/shares on the sell side.
From a cash flow POV, this implies that there was a cash inflow of $39,896,295 and a cash outflow of $40,515,476. The net cash flow for BBRY is $619,180, demonstrating that institutions may have negative outlook on the stock.
Options traders were busy too a total of 102,416 call and 57,316 put contracts were traded Monday yielding a 0.56 Put/Call Ratio. PCR
Options can provide significant leverage if the stock moves in the right direction, but also end up worthless if it does not.
The PCR is regarded as an indicator of investor sentiment, indicating what experienced participants are doing in preparation for a move of an underlying equity.
A high PCR suggests that the investor sentiment is Bearish and that investors are expecting the underlying stock price to fall.
A low PCR implies that the investor sentiment is Bullish and that investors are expecting the underlying stock price to rise And, unusual volume provides reliable clues that the stock is expected to make a move
BlackBerry opened at 15.75 and finished -0.76 (4.61%) at 15.73 Monday.
BBRY daily range Monday was: 15.29 – 16.18.
The stock’s 52 wk trading range is: 6.22 – 18.32
Volume: 60.7-M/shrs is above the 3 month average volume of 59.5-M/shrs.
BBRY is trading above its 20, 50 and 200-Day MAs.
Next Earnings Date: 24 March 2013
Analysts Recommendation: Sell
1 yr Price Target Estimate: N/A
Week Month Quarter Half Year Year
+26.55% +43.64% +100.12% +125.58% -1.32%
LTNs Analysis for BBRY: Overall Short Intermediate Long
Bullish (0.26) Neutral (-0.02) Bullish (0.34) Bullish (0.46)
Recent CandleStick Analysis Very Bearish
11 Feb 2013 DOJI
8 Feb 2013 Bearish Engulfing
7 Feb 2013 Hammer
Direction Date Range
up 6 Feb 2013 13.55 to 15.28
up 1 Nov 2012 8 to 8.01
up 28 Sept 2012
7.23 to 7.46
Support and Resistance
Type Value Conf.
resist. 18.09 2
resist. 16.35 3
supp 15.31 8
supp 14.16 4
supp 13.53 4
supp 12.37 9
supp 10.67 3
supp 9.12 2
supp 7.87 24
supp 6.41 4
Ind. Short Inter Long
EMA VBu VBu VBu
MACD VBu Bu VBu
Fibs Be Be Bu
Highs Bu Bu N
Lows VBu N Be
Trends N Bu VBu
VBu=Very Bullish, Bu=Bullish
Be=Bearish, VBe=Very Bearish
Heffernan Capital Management
Business Development Director – Private Client Group,
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
Paul A. Ebeling, Jnr.
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.
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