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  • Top Gaining and Losing Stocks - Apple Inc. (AAPL) - Research in Motion (RIMM) Update

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    Thursday August 5, 2010 at 02:05 am EST

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    The European Union Commission has chosen Apple Inc.'s (AAPL) iPhone and HTC Phones and rejected Research in Motion's (RIMM) Blackberry, a spokesman said Wednesday.

    As reported by Reuters, "The EU's executive arm, which employs more than 32,000 people, reviewed its choice of smartphone against a number of criteria, including security and financial impact, when it deployed a new technology platform in 2008.".

    It is important to note that this announcement has came at the time when UAE and Saudi governments have shown concerns over using Blackberry devices  for security issues. They also plan to cut select Research in Motion's (RIMM) BlackBerry services after talks with Research in Motion failed to produce a mutual agreement. Apple Inc. (AAPL) will definitely benefit from this.

    Shares of Apple Inc. (AAPL) trending slightly lower Thursday at $261.48. Apple Inc. shares are at resistance level currently. The Next resistance level for Apple Inc. (AAPL) is $272.4 . While Support levels for Apple Inc. (AAPL) stock are at $252.8 and $245.1. There are few chances of a rally but none for a breakout as of now.

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