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Bullish Moving Average Cross by Rambus Inc (RMBS)

By Nick Russo

Rambus Inc (NASDAQ:RMBS) crossed over its 10-day moving average of $10.64 on a volume of 279K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Rambus Inc have traded between a low of $8.15 and a high of $16.98 and are now at $10.87, which is 33% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 2% while the 200-day MA has remained constant.

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