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Thursday, February 23, 2006 

RAMBUS gained strenght to the upside

Chart courtesy of stockcharts


Rambus gained momentum today after a positive note on the company UP more than 13%. Please see the full note Here. According to chart above we can see that RAMBUS breakout the 32$ resistance level with huge volume, so the next step will be the 35$. This stock is now with very Bullishs indications due to the movement of today.

Macro economic news of today

U.S. initial jobless claims fall by 20,000 to 278,000, some economists were expecting new claims to be steady at about 296,000.

Today hot stocks

FBR - Friedman Billings Ramsey Group posted a loss of $1.60 per share in the fourth quarter, compared to a profit of 51 cents a share in the same period last year.

GD - General Dynamics Corporation Prudential raised its rating to "overweight" from "neutral" and set a price target of $131.

MVL - said its fourth-quarter profit fell due to a one-time charge, but quarterly sales rose from the same period a year ago.

Important points of trading day for the analyses of the last posts:

HPQ - Breakdown the support 32.48 and close at 32.37 , next support 31.55

That's All. Have a great evening !!!


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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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