This “Junk” Stock could Jump 10%

RIMM has been crushed over the past 5 months, down over 50%! Price has accelerated right into an area which was the origin of a HUGE upside move from back in 2006. Over the past month, price has also formed a double bottom pattern, adding support for a long trade. While RIMM is still a junk stock at this point, it might be a good opportunity play a potential bounce off of support. In the short term, we could easily see price rally to the $30 level, and possibly close the gap from the 17th of May.

Here is how the trade sets up:

Long above $27.10
Stop $25.90
Target $29.90