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Rambus Inc Crosses Below its 10-day MA (RMBS)

By James Quinn

Rambus Inc (NASDAQ:RMBS) shares have crossed bearishly below their 10-day moving average of $13.42 on a volume of 139K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Rambus Inc has traded in a range of $7.17 to $14.61 and is now at $13.10, 83% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 0.8%.

SmarTrend is tracking the current trend status for Rambus Inc and will alert subscribers who have RMBS in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses rambus inc

Ticker(s): RMBS