RAMBUS with another big drop
Saturday, August 11, 2007
Chart courtesy of stockcharts

Rambus were down more than 5% to $14.15 on Friday after said it will be late with its annual filing of financials to the Securities and Exchange Commission because it's still in the process of figuring the impact of option misdatings. Looking at the technical chart stock trading in a clear descending pattern. Rambus is below its 20 daily moving average, a bearish sign for stock, however MACD has improved in last sessions but we need to see more strength in this indicator to be bullish on stock.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical example.

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posted by Pro Investor Trader at 2:15 PM | Permalink


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