Courtesy of AC Investor
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.
