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After Yesterday's Rally of 2.61% Shares Could Potentially Pullback

By David Diaz

Rambus Inc (NASDAQ:RMBS) traded in a range yesterday that spanned from a low of $12.90 to a high of $13.29. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $12.88 on volume of 486,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Rambus Inc have traded between a low of $11.28 and a high of $15.50 and are now at $13.21, which is 17% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.7%.

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: rebounders rambus inc

Ticker(s): RMBS