Friday, November 24, 2006

Stock of the Day

My Stock of the Day is Rambus (RMBS).
Two weeks ago, the stock spiked higher in a huge surge in volume. The news at the time was that RMBS would receive a favorable ruling from the FTC in a legal matter pertaining to some of its patents.
Last week I took a long position in the stock, anticipating some follow-thru strength. Today, the stock is rising another +6%, on strong volume. Resistance comes into play around the 200-day moving average, currently near 24.38. But there could be more upside after that.
Other stocks making notable, high-volume moves include:
  • JCG
  • LFC
  • SSRI
  • AEM
  • CPA
  • ICE
  • SPTN
  • AKH
  • MWRK
  • GROW
  • LNET
  • IAAC
  • SNP

long RMBS


At 12:31 PM, Blogger Ragin' Cajun said...

Great blog. you made my list for top 5 blogs.


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