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RAMBUS INC
(RMBS-Nasdaq):
Technical Viewpoint: From a low
of $51 1/2 on Apr 23, 1999 prices
rallied, reaching a
high of $89.00
on Jun 20, 1999. A
decline saw prices pull back, reaching a
low of
$66 5/8 on Jun 1, 1999.
Another rally saw prices penetrate
resistance, closing 6/17/99
at $95 1/2. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 12, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $80.00. Resistance: Is at $102.00.
Point & Figure: Reversed to the upside on Jun 16, 1999. A P&F upside
reversal takes place at $92.00. Summary: Technical indicators have turned bullish. BUY! RAMBUS INC
(RMBS-Nasdaq) @ $96 1/8 Stop: Use a protective stop of $93 1/4.
RAMBUS INC is currently trading @ $95 1/2 plus $9.00 on Jun 17, 1999. Price Objective:
$136.00. Risk/Reward: $2 7/8 VS. $39 7/8. Today's Risk Reward Ratio: 14:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$136.00
Risk/Reward:
$2 7/8 VS. $39 7/8
Risk/Reward Ratio:
14:1
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