RIMM, GE, AIG, and NWS Covered In Lee Allen Report Today

Posted: Thursday, March 19, 2009 10:18 AM EDT

Research in Motion (RIMM) was covered in a Lee Allen Report today and the stock is now at $41.74, up $.76 (1.85%) on volume of 2,776,856 shares traded. Also covered in the report were American International Group (AIG), News Corp. (NWS) and General Electric Co. (GE). To see the report go to http://www.iotogo.com/la031909 . Over the last 52 weeks the stock has ranged from a low of $35.05 to a high of $148.13. Research in Motion stock has been showing support around $38.35 and resistance in the $43.35 range. Technical indicators for the stock are neutral and S&P gives RIMM a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on RIMM the stock seems like it could be a candidate for an April out-of-the-money bull-put credit spread below the 35 range. [ABR-Seven Summits Strategic Investments NewsBite]

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