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RAMBUS INC
(RMBS-Nasdaq):
Technical Viewpoint: From a low
of $23.57 on Oct 24, 2003 prices
rallied, reaching a
high of $26.33
on Nov 10, 2003. A
decline saw prices pull back, reaching a
low of
$23.81 on Nov 19, 2003.
Another rally saw prices penetrate
resistance, closing 11/28/03
at $30.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 2, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $30.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Nov 28, 2003. A P&F upside
reversal takes place at $28.50. Summary: Technical indicators have turned bullish. BUY! RAMBUS INC
(RMBS-Nasdaq) @ $30.13 Stop: Use a protective stop of $28.13.
RAMBUS INC is currently trading @ $30.00 plus $4.75 on Nov 28, 2003. Price Objective:
$39.00. Risk/Reward: $2.00 VS. $8.87. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$39.00
Risk/Reward:
$2.00 VS. $8.87
Risk/Reward Ratio:
4:1
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