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Shares of Rambus Inc Has Fallen Below Previous 52-Week Low

By Nick Russo

Shares of Rambus Inc (NASDAQ:RMBS) traded at a new 52-week low today of $9.32. Approximately 72,000 shares have changed hands today, as compared to an average 30-day volume of 556,000 shares.

There is potential upside of 80.7% for shares of Rambus Inc based on a current price of $9.35 and an average consensus analyst price target of $16.90. The stock should find initial resistance at its 50-day moving average (MA) of $11.51 and further resistance at its 200-day MA of $12.93.

Rambus, Inc. designs, develops, licenses, and markets high-speed chip-to-chip interface technology to enhance the performance and cost-effectiveness of consumer electronics, computer systems, and other electronic systems. The Company licenses semiconductor companies to manufacture and sell memory and logic ICs incorporating rambus interface technology.

In the past 52 weeks, Rambus Inc share prices have been bracketed by a current low of $9.32 and a high of $15.50 and are now at $9.35. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 1.7%.

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: 52 week high/lows rambus inc

Ticker(s): RMBS