So you like to trade Research in Motion Limited (RIMM)? Did you know that RIMM has been uptrending in a series of channels, with one central trendline?

Who doesn't like to day trade RIMM? Day over day, RIMM has heavy volume and lots of volatility, which for the day trader translates into potential cash. There are a lot key places to enter or exit long or short with RIMM, all you have to do is watch the trendlines and place your entry or exit accordingly.



The most important trendline for RIMM, is the middle line highlighted in blue above. However, if you see RIMM breaking the upper most trendline, it could ignite even heavier buying. The opposite is also true if you see RIMM breaking the lower most trendline, it could ignite heavy selling.

Andy Swan is co-founder and head trader for DaytradeTeam.com. To get all of Andy's day trading, swing trading, and options trading alerts in real time, subscribe to a one-week, all-inclusive trial membership to DaytradeTeam by clicking here.