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Rambus Inc Shares Down 29.5% Since SmarTrend's Sell Call (RMBS)

By Shiri Gupta

SmarTrend identified a Downtrend for Rambus Inc (NASDAQ:RMBS) on July 2nd, 2018 at $12.49. In approximately 4 months, Rambus Inc has returned 29.46% as of today's recent price of $8.81.

Over the past year, Rambus Inchas traded in a range of $0.00 to $15.50 and are now at $0.00. The 200-day and 50-day moving averages have moved 1.01% lower and 2.81% lower over the past week, respectively.

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.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Rambus Inc.

Log in and add Rambus Inc (RMBS) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights rambus inc

Ticker(s): RMBS