Blackberry Hits Double Digits For First Time Since May 2015

BlackBerry Ltd BBRY shares are trading higher by $0.70 (7.4 percent) at $10.33 in Tuesday's session.

Over the last few days, there have been bullish articles in various financial publications calling for much higher prices in the stock. A Macquarie analyst also laid out the case for the stock to hit $45 per share.

After a flat open, Blackberry immediately found support just above Monday's close ($9.63) at $9.65 and began to move higher. Once it cleared it former high for the recent move ($9.80), the pace of rally accelerated.

It easily the cleared the psychological $10.00 resistance level and so far has reached $10.41 and isn't far off that level.

This marks the highest level for the stock since it put in a pair of highs at $10.55 on May 22 and 26, 2015. It's attempting to post its first close in double digits since May 28, 2015, when it ended that session at $10.03.