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Rambus Crosses Above its 10-day MA (RMBS)

By Amy Schwartz

Today, shares of Rambus (NASDAQ:RMBS) have advanced above their 10-day MA of $11.76 on a volume of 187K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Rambus has traded in a range of $3.78 to $21.69 and is now at $11.86, 214% above that low. The 200-day and 50-day moving averages have moved 0.24% lower and 0.69% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Rambus on September 21st, 2016 by issuing a Downtrend alert when the shares were trading at $12.59. Since that call, shares of Rambus have fallen 7.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Rambus

Ticker(s): RMBS