Rambus Inc. (RMBS) designs, develops, and licenses chip interface technologies and architectures that are used in digital electronics products.
The microchip sector has been lagging lately but appears to be gaining investor attention.
RMBS is selling very close to a major support line and recently triggered a buy from our in-house indicator, the Collins-Bollinger Reversal (CBR). Note the oversold stochastic.
If RMBS can attract buyers to push it through the resistance at just under $20, look for a quick trade to $28.
Next: Trade #6: Vodafone
Closing Bell: When We All Love the PIIGS (NBG, SQNM, PG, ERTS, KO)
Serious Money: Cheapest Stocks List Shrinks from 26 to 21
Chasing Value: Hasbro Earnings Makes My Point
