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Shares of RMBS Down 33.8% Since Downtrend Call on Shares

By James Quinn

SmarTrend identified a Downtrend for Rambus Inc (NASDAQ:RMBS) on July 2nd, 2018 at $12.49. In approximately 5 months, Rambus Inc has returned 33.79% as of today's recent price of $8.27.

Rambus Inc share prices have moved between a 52-week high of $15.50 and a 52-week low of $7.30 and are now trading 13% above that low price at $8.27 per share. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 1.7%.

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