-Financial Tools Futures Market--TRADE IDEAS-- OPTION ALERTS -BENZINGA PRO-

« Home | Stock to watch tomorrow GOOG » | LVLT " Level 3 " is HOT !!!!! is on FIRE » | Chart of the day : FCEL "Fuelcell Energy " » | Dow Passes 11900 !!! Buuullllllssssssssss » | RNWK hits a new year High !!! » | 6.20 a key support for PWAV ? » | Stock of the day : PEIX » | It's time to celebrate one year of existence ;-) » | RNWK - Breakout the ascending triangle !!!! » | JDSU - Big volume in the last hour » 

Friday, October 20, 2006 

Stock of the day : PMCS & RMBS

Chart courtesy of www.stockcharts.com ( click to enlarge )

Let's start with PMCS that had a very interesting move today after reported earnings last night.
The Daily chart shows that the stock is about to run up again as 13 day moving average cross above 50 day moving average with MACD above 0. Pay attention if the stock breakout the channel.

Chart courtesy of www.stockcharts.com ( click to enlarge )

Shares of the chipmaker RAMBUS ( RMBS ) drop 8% today to 16.71$ per share after the company failed to release its full quarterly results as scheduled, although it did release revenue figures that for the third quarter was $45.9 million, up 28 percent over the third quarter last year and down 6 percent from the previous quarter. In the daily chart the current technical trend shows that the stock has traded between 16 and 19 since the first of September and should have a potential big support at 16$ ( bottom of the channel ), also the stock still trading above the 50 day moving average.

That's All. Enjoy your weekend !!!!


Labels: ,

Bookmark and Share


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.

  • Benzinga.com supporter

    Benzinga.com supporter


      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal


      Interested in advertising on AC Investor Blog ? Click Here


    Site Information

    Stock Market Blogroll

    Friends BLOGROLL


Powered by Blogger
and Blogger Templates

Add to Google