BLACKBERRY Ltd (BB): Price Now Near $9.51; Daily Chart Shows Downtrend on 50 Day Basis
At the time of this writing, BB (
Get Ratings)’s price is down $-0.08 (-0.84%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the
clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment meaning the trend across timeframes is inconsistent, indicating a potential
opportunity for rangebound traders.
BB ranks 133rd in terms of today’s price percentage change out of Business Services stocks.
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Najarian sees unusual activity in:
Facebook (NASDAQ: FB) April $305 calls
iShares China Large-Cap ETF (ARCA:FXI) July $49 calls
The Facebook call options expire on April 30. Najarian mentioned he will hold the iShares China Large-Cap ETF position for approximately one to two months.
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