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

Posted: Tuesday, September 01, 2009 11:13 AM EDT

Rambus (RMBS) leads the list of top losers so far today and is now at $16.51, down $2.59 (-13.56%) on volume of 6,825,011 shares traded. Over the last 52 weeks the stock has ranged from a low of $4.95 to a high of $19.94. Rambus stock has been showing support around $18.23 and resistance in the $19.89 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 November out-of-the-money bear-call credit spread above the 20 range. [ABR-Seven Summits Strategic Investments NewsBite]

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