Tomorrow should tell us where this stock is heading
We seem to be in a trading range with lower highs and higher lows. According to the chart, I would expect to see us going up tomorrow without testing the low 12's. I will expect us to run up to 16 within the next 10 days and then if there's no news we will head to $14 until we hear something to bring this stock higher. Without sales news this stock will most likely trade within a $2 range until the US release. After the US release, we should go higher but I don't think we blow past $20 anytime soon. For this stock to go past $20, Blackberry must change their 2014 earnings to as least +$1.50. From what I see the company's yearly earnings won't be in the black until 2016 but there's an estimate in 2014 between -$2.82 to $1.19. This stock is very speculative and should be trading around $12 but even that is a little high for now. Of course I want this stock to shoot up but it's not likely anytime soon until we see sales or units shipped. Until then this stock is just a trading vehicle to play with.
It's sittin just above the 50. Last time it hit 12.15 it went below the 50. So as of now its still within benchmarks. However, I wouldn't be surprised to see it get near 12 to form a double bottom. You know what comes next. . .