BlackBerry (NYSE:BB) stock pulled back on Tuesday and swung during the session, primarily due to profit-taking.
BlackBerry stock traded higher Monday afternoon as investors weighed the fiscal second-quarter earnings report released last week.
The Nasdaq is up 0.23% while the S&P 500 has shed 0.04%.
Q2 Results Top Analyst Estimates
Last week, BlackBerry reported revenue of $163.3 million, up 26% year over year, against analyst estimates of $142.55 million.
Adjusted EPS came in at 7 cents versus a 4-cent forecast. Adjusted EBITDA rose 81% to $47 million.
The IoT and QNX division reported record revenue of $80.3 million, up 27% year over year. Its adjusted gross margin rose 4 percentage points to 87%.
Technical Analysis
From a trend perspective, BB is still holding a constructive longer-term setup: it’s trading 33.6% above its 200-day SMA ($6.30), and the golden cross in May (50-day SMA moving above the 200-day) continues to frame the bigger picture as bullish. Near-term, though, the stock is trading 3.3% below its 100-day SMA ($8.71), which helps explain why rallies can feel capped until price reclaims that zone.
Momentum is neutral, with RSI at 52.72—RSI measures how "stretched" a move is, and this reading suggests neither buyers nor sellers have a clear edge right now. That lines up with the mixed moving-average stack: the 20-day SMA is still below the 50-day SMA (a bearish short-term crossover), even as the longer-term trend remains supported by the 200-day.
- Key Resistance: $9 — a round-number area that often acts as a near-term ceiling when rebounds try to extend
- Key Support: $8 — a round-number level sitting close to the 20-day SMA ($8.02), making it a natural spot for dip-buyers to defend
BB Price Action: BlackBerry shares were down 3.47% at $8.49 at the time of publication on Tuesday, according to Benzinga Pro data.
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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