Harry Aloof
11-27-2006, 10:17 PM
From Wall Street Trader's Column (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
Rambus Inc (RMBS) Nasdaq
Report No. 2199 Analysis by: Harry Aloof November 27, 2006
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 line "A", 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 downside 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
http://18004wallstreet.com/images/charts/Chart2094-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
Rambus Inc (RMBS) Nasdaq
Report No. 2199 Analysis by: Harry Aloof November 27, 2006
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 line "A", 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 downside 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
http://18004wallstreet.com/images/charts/Chart2094-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)