Short Scalp: Research in Motion (RIMM 130.25) exhibiting sell divergences

While there is no doubt that RIMM's long-term trend has remained strong, the short-term momentum has diminished. The daily momentum indicators have been signaling sell divergences and overbought status. A short was initiated this morning @ $131.47. Price target 120.50 previous breakout support area. Stop 133.25.

(Because RIMM carries a wide daily ATR, a wider stop has been issued. )