Hot stocks for next week - Rambus , Palm and CBS Corp.
Chart courtesy of www.stockcharts.com ( click to enlarge )Rambus was in focus today after has scored another legal victory in its long-running battle to collect millions of dollars in royalties on its patented designs for computer memory chips. The stock closed higher on Friday and the high-range close sets the stage for a steady to higher opening on Monday. On the technical side, the chart looks very good here. Rambus broke through $17.42 resistance and is trading above all of two major moving averages. Stochastics and the RSI are now bullish signalling that sideways to higher prices is possible near-term. The price can easily move up to 19-20 resistance in the short-term. I'm really convinced that this stock can double from here based on the latest news that have been extremely good. For that reason, I'm still holding my shares in hope of a strong move.
Chart courtesy of www.stockcharts.com ( click to enlarge )CBS Consolidation ? Volume reducing on the way down. The stock is back at the breakout area and may find support here. Volume declined on the pullback which is positive. A breakout above $10.44 will take the price to the $11.32-11.65 zone, where strong resistance exists. This resistance may not be surpassed easily.
Chart courtesy of www.stockcharts.com ( click to enlarge )At this stage PALM continues to trade mixed but looking to go higher. On the daily chart the stock is trying to test the $14.20 key resistance level again. Bulls need to keep the stock above $14, otherwise bears will enter into the market with heightened danger for bulls. This price level has become very important for both sides, bulls and bears. PALM can be a good trading stock, so keep an eye on the stock over the next few trading 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 Folks. Have a Great Weekend...
Cheers!
AC
Keep Rambus much longer if there is a settlement with the big 3 dram makers secpecially Samsung because this would mean worldwide royalties from almost every electronics maker. European agency and the FTC have basically agreed Rambus can collect from everyone once it is announced in the news in the next month or two. Watch for major settlement announcement soon. I'm holding long long long and for a long long time already.
Posted by
Anonymous |
10:24 PM
Agree with Rambus. They are looking to start collecting shortly, which has to be a positive for the stock.
Posted by
Jared |
8:58 PM