Rambus (RMBS) NewsBite - One of Today's Top Gainers So Far

Monday, January 05, 2009 10:32 AM EDT

Rambus (RMBS) leads the list of top gainers so far today and is now at $17.93, up $0.44 (2.52%) on volume of 813,844 shares traded. Over the last 52 weeks the stock has ranged from a low of $4.95 to a high of $26.41. Rambus stock has been showing support around $15.36 and resistance in the $18.66 range. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for RMBS. If you are looking for a hedged play on RMBS the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 16 range. [ABR-Seven Summits Strategic Investments NewsBite]

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