Stocks in Play: (ATML, CROX, RMBS, THQI)

Rambus (RMBS) has been trading in a very tight range. There is strong resistance around $19.15 and if the stock stock can break through this level, there is a strong chance RMBS can run back to the $21-21.50 range. On the downside, a break below $18.02 would be your first sign of weakness which could lead to bigger problems.

This is a short term look at Rambus chart :

– RMBS closed again above its 50 day moving average. This is generally considered to an indication of a medium term bullish trend.
– The Stochastic Oscillator is registering a bearish signal as the %K has crossed below the %D.
– The On Balance Volume indicator presently offers a neutral signal.
– The RSI is currently at 50.99% which indicates that the stock is trading in the neutral territory.
– The +DI line is above the -DI line

Overall, the bias in prices in short-term is: Neutral.

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THQ Inc. (THQI) has made a huge decline the past weeks and looks like a strong squeeze could be in play as price has reacted very well around 3.40 . Looking at the daily chart price is forming a nice base which could possibly breakout to the upside and accelerate towards the resistance at $4. Keep your eye on this today.

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Atmel Corporation (ATML) is one of the hottest stocks in the market right now. All indicators still point to a bull market. The technical daily chart below shows the stock is now in a very strong upward momentum as both 50 day and 200 day moving averages are going up along with the stock. MACD and KD also shows the stock is currently in a bull market. For now the trend is still up. If you have purchased at lower levels and are sitting on meaningful profits, hold with a stop at $6.33.

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Crocs, Inc. (CROX) – Major support has been broken which suggests further losses. Use the support level that was broken as resistance for your new stop-loss point on the short.

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Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don’t consider buying or selling any stock without conducting your own due diligence.

About Antonio Costa 324 Articles

Antonio Costa is a 35 year old part-time trader who trade stocks in the US market.

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