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Trade #5: Rambus (RMBS)

Posted Nov 8th 2009 11:00AM by Sam CollinsSam Collins RSS Feed
Filed under: Stocks to Buy, Best Stocks for 2009

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Trade #5 -- Rambus (RMBS)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.

Rambus stock chart

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

Tags: Rambus, RMBS, Sam Collins, technical trades, top trades

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Last updated: November 20, 2009: 05:36 PM

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