Rambus signed a license agreement
Shares of Rambus rose neraly 1.3% to 19.16$ today after the company said Qimonda recently signed a technology license agreement for Rambus' XDR memory interface. The Rambus XDR will be used by Qimonda in high-volume applications, including game consoles, digital televisions, set-top boxes and PC graphics. Looking at the chart, we start to see some improvement in MACD and RSI indicators, displaying therefore a potential reversal. With the stock still holding well at 50 dma , this could be the time to start accumulating the stock, it's only my opinion.
Market didn't help today, so keep an eye on Rambus for the next sessions.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
That's all. Have a nice evening !!!!
AC
Market didn't help today, so keep an eye on Rambus for the next sessions.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
That's all. Have a nice evening !!!!
AC
Labels: RMBS
Happy New Year!
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