Blackberry Ltd. Sharply Higher After Q3 Beat

Blackberry Ltd.

shares are trading higher by $0.90 at $8.70 in Friday's session. Its Q3 loss was $0.11 better than expected on higher sales ($557 vs. Est. $489M). In a volatile session, it opened higher, only to fall back and find support ahead of Thursday's close ($7.800, only reaching $7.88 and turning higher. So far, it has reached $8.72 and is not far from that level. If the rally continues, there may be resistance at the pair of highs from June 24 ($8.90) and June 25 ($8.93).