BlackBerry Rallies Off Fairfax's Favorable Comment

BlackBerry Ltd BBRY shares are trading higher by $0.32 at $7.58 in Friday's session. The Street seems to agree with Fairfax regarding its favorable outlook for the company.

After a higher open, it slid a penny to $7.29 before resuming its move higher. So far, it has cleared resistance at the $7.50 area, reaching $7.59, the high for day and is holding steady.

If the rally continues, there may be additional resistance at the pair of highs from January 11 ($7.85) and January 12 ($7.81).