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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.
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