Research in Motion (RIMM) broke out today. This move is significant in a couple of ways.
First, the lower horizontal line represents the top of the candle after that huge gap down back in September of 2009. Since then the lower horizontal line as been resistance
The stock tried to breakout above this line back on 12/18/2009, but only got has high as about 71.60. More recently, 72 became resistance and the stock as been trying to breach the 72 level since about mid February, but with no success. After bouncing off some support at the 67.5 level, we had some higher lows, then today the stock popped decisively above the lower horizontal line - for the first time in 6 months!
A look at the earning estimates show a steady upward trajectory, and if the earnings work out that way, we could very well see a new all time high later this year.
Earnings are coming up March 31st, and that could be the event that causes the gap to be filled. We'll see.