( click to enlarge )RMBS what a rally today. The stock was up 23% on the session and closed a few cents below its 200 day moving average on heavy volume. The company announced Sunday that the judge for the Northern District of California has issued his decision in the matter with Hynix. The Honorable Ronald M. Whyte has found that the Rambus patents in this case are valid and infringed by Hynix. A lot of eyes are on this stock right now so make sure this is on your radar screens. Today's news could help bolster investor sentiment in the coming weeks. Rambus (NASDAQ: RMBS) was a stock I posted last week as a potential breakout candidate. From a technical analysis point, we finally got the breakout. Shares rallied past resistance at $5.2 and hit my trigger to open positions. Watch now the $6.18 as potential resistance. The daily momentum indicator has reached overbought levels and I believe that a near-term correction is likely to happen. The positive view would be negated if the share price closes below $5.2. Fresh exposures may be considered on price weakness. A close above $6.18 may be used to enhance exposures.
( click to enlarge )Nice tweeted under 6.40. Rosetta Genomics Ltd. (NASDAQ:ROSG) closed strong above the 50-day MA for the first time since July. This momentum could push this stock much higher from here. Next resistance is now seen at $6.87 then 8.
( click to enlarge )InterDigital, Inc.(NASDAQ:IDCC) corrected from its recent high, but received support from its 200-day MA. This stock can pop big time on any positive news ( short squeeze candidate ).
( click to enlarge )Tenet Healthcare Corporation (NYSE:THC) Strong on weak tape. Nice breakout with decent volume. To add on any dip.
( click to enlarge )New York Community Bancorp, Inc. (NYSE:NYB) About to break out up into new highs once again. I need to see further upside confirmation before adding to current position. Watching for a close above $14.13
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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.
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