Blackberry Attempting To End Prolonged Skid

Blackberry Ltd (NASDAQ: BBRY) shares are trading lower by a dime at $6.89 in Tuesday's session. The issue has been in a horrible slump since December 30.

Since then, it has been lower in 10 of its last 11 sessions. Over that time period, it has declined from $9.35 to under $7.

It should be noted today's quick decline off the open found support in the same area as Friday's low ($6.72), only reaching $6.85. If the decline continues beyond those lows, there may be additional support at its October 6 low ($6.61).