BlackBerry Limited (BBRY) Shares are Up 1.97%

BlackBerry Limited (BBRY) : Traders are bullish on BlackBerry Limited (BBRY) as it has outperformed the S&P 500 by a wide margin of 13.54% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.54%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.97% in the last 1 week, and is up 16.37% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

BlackBerry Limited (NASDAQ:BBRY): The stock opened at $7.66 on Friday but the bulls could not build on the opening and the stock topped out at $7.82 for the day. The stock traded down to $7.62 during the day, due to lack of any buying support eventually closed down at $7.75 with a loss of -0.13% for the day. The stock had closed at $7.76 on the previous day. The total traded volume was 2,907,036 shares.

The stock has recorded a 20-day Moving Average of 8.93% and the 50-Day Moving Average is 10.39%. BlackBerry Limited is up 15.84% in the last 3-month period. Year-to-Date the stock performance stands at -16.49%.

BlackBerry Limited (BBRY) : The consensus price target for BlackBerry Limited (BBRY) is $7.21 for the short term with a standard deviation of $0.58. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $8, however, the pessimist price target for the company is $6.


BlackBerry Limited (BlackBerry) is a provider of mobile communications and services. The Company is engaged primarily in the provision of the BlackBerry wireless solution, consisting of smartphones, service and software. The Companys four areas of business are Devices business, Enterprise Services, BlackBerry Technology Solutions (BTS) business and Messaging. The Companys Devices business is focused on delivering smartphone products. BlackBerrys Enterprise Services business offers enterprise products and services. The Companys BTS business consists of five units: QNX Software Systems Limited (QNX), Certicom, Paratek, the BlackBerry Internet of Things (IoT) Platform, and Intellectual Property and Patent Licensing (IPPL). The Companys Messaging business is engaged in providing BlackBerry Messenger (BBM), the Companys instant mobile to mobile private messaging service. The Company offers a portfolio of smartphone products to both the enterprise and consumer markets.

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