BlackBerry Ltd (BBRY): This Left-For-Dead Stock Could Jump 50%-100% In 12 Months

In addition, a possible bidding war could break out with the value of BlackBerry’s patent portfolio and enterprise assets, potentially pushing shares above $20.

Risks to Consider: BlackBerry devices have fallen out of favor with many consumers. No matter how the company innovates, it seems to miss the mark. The possible buyout is very speculative and mostly based on circumstantial evidence. While there is the potential for solid upside, investors need to exercise caution, as this stock remains extremely risky.

Action to Take –> I would be a buyer of BlackBerry on a breakout above $11. If shares manage to break this level, the 200-day simple moving average is the next resistance level in the $13 range. If the rumours of a buyout start to turn into actions, shares could reach $15 to $20 within the next 12 months.

P.S. — Blackberry’s biggest competitor just made a little $256 million move that could have huge consequences on your wallet. Click here to find out how this tech giant is threatening the entire banking industry.

– David Goodboy

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