Rambus (RMBS) NewsBite - One Of Today's Top Losers

Posted: Tuesday, June 23, 2009 2:51 PM EDT

Rambus (RMBS) leads the list of top losers so far today and is now at $14.99, down $2.84 (-15.93%) on volume of 8,167,217 shares traded. Over the last 52 weeks the stock has ranged from a low of $4.95 to a high of $21.87. Rambus stock has been showing support around $17.10 and resistance in the $19.14 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 July out-of-the-money bear-call credit spread above the 17 range. [ABR-Seven Summits Strategic Investments NewsBite]

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