RIM Says No to Entry-Level Devices and 4 Heavily Traded Shares to Follow

Research In Motion Ltd (NASDAQ:BBRY):  Current price $14.25

After successfully launching their new BlackBerry 10 smartphone Z10 in Canada, Research In Motion is now saying that they will not introduce any entry-level smartphones this year.

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Zynga Inc (NASDAQ:ZNGA): Current price $3.18

Morgan Stanley reported a 4.6% passive stake in Zynga Inc.

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Cliffs Natural Resources Inc (NYSE:CLF): Current price $29.41

After the mining company announced a hefty fourth-quarter loss that stemmed from $2 billion in impairment charges, shares of Cliffs Natural Resources Inc. plummeted by 13% before Wednesday’s opening bell. The company also  lowered  their quarterly dividend from 62.5 cents to 15 cents and said that they plan to sell more stock to pay back their debt.

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Boston Scientific Corporation (NYSE:BSX):  Current price $7.4250

The shares of Boston Scientific Corporation have rallied roughly 50% since skimming the $5 region in late October, beating their 10-day moving average. As such, the stock’s Relative Strength Index (RSI) now stands at 74 in overbought territory, suggesting a breather could be in the cards for the short-term. Against this backdrop, options traders are picking up puts to either gamble on a pullback or lock in a profit on their BSX shares.

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Cisco Systems, Inc. (NASDAQ:CSCO):  Current price $21.02

Cisco Systems is due to report results for their second fiscal quarter after the closing bell and analysts are expecting adjusted earnings of 48 cents a share on revenue of $12.07 billion.

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