RMBS - Looks like is close to attempting another breakout

Discussion in 'Stocks' started by miguel007, Feb 13, 2011.

  1. This strength is confirmed by price movement as well as two momentum indicators. MACD and RSI show buy signal as MACD is above signal line and RSI above its 50% level. The stock has held support at the $20.86 level and is displaying a screaming buy divergence on the upside. RMBS is also slowly under accumulation based on the OBV indicator. I think the market is waiting for fresh news to define the trend, however if the stock breaks above $21.43 ( red line ) , then that is a bullish sign as higher prices.

    Source and chart : http://ac-investor.blogspot.com/2011/02/four-stocks-to-watch-next-week.html
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  2. Rambus (RMBS): Market talk that multi-core processor patent issued to co., could force royalties from Intel (INTC) and AMD (AMD)