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TMCNet:  Rambus Down 6.9%, Shares Slide into the Red (RMBS)

[January 03, 2013]

Rambus Down 6.9%, Shares Slide into the Red (RMBS)

Jan 03, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Rambus (NASDAQ:RMBS) is one of today's worst performing low-priced stocks, down 6.9% to $4.88 on 1.1x average daily volume. Thus far today, Rambus has traded 626,000 shares, vs. average volume of 579,000 shares per day. The stock has underperformed the Dow (-6.9% to the Dow's -0.2%) and underperformed the S&P 500 (-6.9% to the S&P's -0.1%) during today's trading.

Rambus Inc. designs, develops, licenses, and markets high-speed chip-to-chip interface technology to enhance the performance and cost-effectiveness of consumer electronics, computer systems, and other electronic systems. The Company licenses semiconductor companies to manufacture and sell memory and logic ICs incorporating Rambus interface technology.

There is potential upside of 74.2% for shares of Rambus based on a current price of $4.88 and an average consensus analyst price target of $8.50. Rambus shares should encounter resistance at the 200-day moving average (MA) of $5.03 and support at the 50-day MA of $4.83.

In the past 52 weeks, Rambus share prices have been bracketed by a low of $3.78 and a high of $21.69 and are now at $4.88, 29% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Rambus and will alert subscribers who have RMBS in their portfolio or watchlist when shares have changed trend direction.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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