Buyers Accumulate Shares of Rambus, Up 3.6% 22 hours 38 minutes ago - Financial News Network Online - Market Movers via Comtex
Rambus (NASDAQ:RMBS), a company whose shares are moving quickly, is trading 3.6% higher to $8.32. The Dow Jones Industrial Average is now trading 0.4% higher to 12,535 and the S&P is trading 0.5% higher to 1,300.
Rambus Inc. designs, develops, licenses, and markets high-speed chip-to-chip interface technology to enhance the performance and cost-effectiveness of consumer electronics, computer systems, and other electronic systems. The Company licenses semiconductor companies to manufacture and sell memory and logic ICs incorporating Rambus interface technology.
There is potential upside of 38.2% for shares of Rambus based on a current price of $8.32 and an average consensus analyst price target of $11.50. The stock should run into initial resistance at its 50-day moving average (MA) of $9.58 and subsequent resistance at its 200-day MA of $13.64.
In the past 52 weeks, shares of Rambus have traded between a low of $4.00 and a high of $22.20 and are now at $8.32, which is 108% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 3.8%.
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This is dumb, no analysis on the company or upcoming court dates, and what affect their outcomes will have on this POS. Just some guy doing TA on chart data making wild predictions. I'd rather get my stock analysis from a psychic reading using tarot, lol.
This pig is only flying today due to sympathy, it is moving along with the SOXX.