Standout Stocks

My Stock of the Day is Research In Motion (RIMM)

The stocks is breaking out today from a 2 week consolidation on fairly strong volume.

The stock is not far from its January high of 145. A breakout over this level would clear the way for additional highs as it would leave all resistance behind.

There is talk about the iPhone providing competition to RIMM's new Blackberry Pearl. But until it hits the market, the Pearl seems to be in a nice sweetspot in the smartphone market. My partner just got one, and I have to admit they're pretty sharp.

The market continues to build on this morning's reversal. Oil is still down a buck, and the 10-year is steady at 4.68%. I think there were a lot of worries about the subprime mortgage market, and a lot of puts bought to hedge against potential downside. As those fears subside, I expect another push higher in the indexes.

Other stocks making notable, high-volume moves include:

• VDSI
• TXI
• HURC
• SPAR
• BWLD
• TNH
• TIE
• VIP
• BMRN
• KAI
• BPT
• BBW
• WLK
• AMED
• ORBK
• MSSR
• CMG

long RIMM