RAMBUS INC
(RMBS-Nasdaq):
Technical Viewpoint: From a low
of $16.57 on Nov 15, 2006 prices
rallied, reaching a
high of $23.50
on Nov 20, 2006. A
decline saw prices pull back, reaching a
low of
$20.25 on Nov 26, 2006.
Another rally saw prices penetrate
resistance, closing 11/24/06
at $23.10. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 18, 2006 when the Histogram crossed the "0" line to the upside.
Support: Remains at $21.00. Resistance: Is at $24.20.
Point & Figure: Reversed to the upside on Nov 15, 2006. A P&F upside
reversal takes place at $21.00. Summary: Technical indicators have turned bullish. BUY! Rambus Inc
(RMBS-Nasdaq) @ $23.63 Stop: Use a protective stop of $21.63.
Rambus Inc is currently trading @ $23.10 plus $1.71 on Nov 24, 2006. Price Objective:
$32.50. Risk/Reward: $2.00 VS. $8.87. Today's Risk Reward Ratio: 4:1
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