Rambus Inc (RMBS) 11/27/2006

Harry Aloof · 11-27-2006, 11:17 PM

From Wall Street Trader's Column

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

11-27-2006, 11:17 PM	#1
Harry Aloof contributing website Join Date: Oct 2006 Posts: 154	Rambus Inc (RMBS) 11/27/2006 From Wall Street Trader's Column 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

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Threads	Thread Starter	Forum	Replies	Last Post
RMBS - Rambus Inc.	jaydel	Stock picks and strategies	1	11-26-2006 11:59 PM
RMBS here comes 21	chinaman711	Stock picks and strategies	6	11-16-2006 04:12 PM
RMBS should see 20	chinaman711	Stock picks and strategies	3	09-13-2006 10:42 AM
RMBS could have a run like BRCM had	chinaman711	Stock picks and strategies	7	08-17-2006 02:43 PM
RMBS wins suit	chinaman711	Stock picks and strategies	3	04-24-2006 05:15 PM