( click to enlarge ) Last week, I wrote a post that there might be a buying opportunity present in Rambus, as it bounced from its uptrend line support again. Today, the stock broke out above the $21.50 level on huge volume of over 1.75 Million shares. RMBS closed out at 21.85 up 0.67 on the day. The stock showed a lot of strength and I expect to see another round of buying. On the technical side, the chart looks very good here. It looks Bullish with both 20 and 50 daily moving averages going up and MACD on top of 0, RSI in a Bullish area too. In addition, Money flow has trended up well since last week. The daily chart of RMBS suggests a strong confidence in stock, a clear uptrend momentum. Rambus call options were also very active today, particularly the February calls, conveying the right to buy Rambus shares at a fixed $22 price. This company is the frequent subject of patent infringement & anti-trust claim issues. Hynix Semiconductor, Nvidia, Micron tech have had patent infringement suits with Rambus, so please be aware that the share price depends in part of the news that comes to the market, causing generally large fluctuations in the share, so be careful if you’re not familiar with the stock. Honestly speaking, there is a lot of upside potential in this stock, which makes it worth watching for the next few days. Keep watching the stock.
( click to enlarge ) Denison Mines Corp. (AMEX:DNN) - Despite a nice rally on Monday the stock failed to follow-through and ended the day on a down note. That's good news for the bears. The $4.22 level is the intermediate support and more conservative traders may want to wait for a breakdown under $4 before initiating positions. ( click to enlarge ) As long as the stock holds above $22.22, the trend would be bullish and a move to at least $24-25 would be a distinct possibility. In fact, the stochastics is now approaching oversold but seems unable to reach oversold conditions due to the heavy buying interest on any pull-back. Stay tuned . Earnings Announcements for Wednesday
American National Insurance - ANAT AMES NATL CORP - ATLO ANDATEE CHINA MARINE FUEL SVCS - AMCF ATRICURE INC - ATRC AVEO Pharmaceuticals, Inc. - AVEO Avis Budget Group, Inc. - CAR BioClinica, Inc. - BIOC Bravo Brio Restaurant Grp Inc - BBRG CALUMET SPECIALTY PRODUCTS - CLMT Cell Therapeutics, Inc. - CTIC Comcast Corporation - CMCSA Commercial Vehicle Group, Inc. - CVGI comScore, Inc. - SCOR Cray - CRAY CyberOptics - CYBE DealerTrack Holdings, Inc. - TRAK Dyax Corp. - DYAX Dynamics Research Corporation - DRCO eHealth, Inc. - EHTH eLoyalty - ELOY Encore Wire - WIRE ENERNOC INC - ENOC ENSIGN GROUP INC - ENSG Euronet Services - EEFT Evergreen Solar, Inc. - ESLR Express Scripts, Inc. - ESRX FirstService - FSRV Fundtech Corporation - FNDT Genzyme Corporation - GENZ HOMEOWNERS CHOICE INC - HCII HSW INTERNATIONAL INC - HSWI Iconix Brand Group - ICON Innodata Isogen Inc. - INOD InterMune Inc. - ITMN Itron, Inc. - ITRI JIANGBO PHARMACEUTICALS INC - JGBO LCA-Vision - LCAV LoJack - LOJN Marine Petroleum - MARPS MIND CTI Ltd. - MNDO MORNINGSTAR INC - MORN NANOSPHERE INC - NSPH NCI, Inc. - NCIT NetApp, Inc. - NTAP NewStar Financial, Inc. - NEWS NVIDIA Corporation - NVDA O'Reilly Automotive - ORLY Optibase - OBAS Orbotech - ORBK Otelco - OTT P.F. Chang's China Bistro, Inc. - PFCB Peet's Coffee & Tea - PEET RODMAN & RENSHAW CAP GP INC - RODM Rubicon Technology, Inc. - RBCN Shiner International Inc - BEST SPAR Group Incorporated - SGRP Syneron Medical Ltd. - ELOS Synopsys - SNPS Taser International, Inc. - TASR The Medicines Company - MDCO UNITED SEC BANCSHARES INC - USBI VIMICRO INTERNATIONAL CO-ADS - VIMC Vital Images, Inc. - VTAL WONDER AUTO TECHNOLOGY INC - WATG XenoPort, Inc. - XNPT
New 52-week High stocks
EMC - EMC CORP KV.A - K-V Pharmaceutical Co QCOM - QUALCOMM Incorporated CMCSA - Comcast Corporation RFMD - RF Micro Devices, Inc. TXN - TEXAS INSTRUMENTS INC TWX - AMERICA ONLINE INC JNPR - Juniper Networks SD - Sandridge Energy Inc USB - US Bancorp TSO - Tesoro Corp TQNT - TriQuint Semiconductor SLB - SCHLUMBERGER LTD OXY - OCCIDENTAL PETROLEUM IPG - INTERPUBLIC GRP OF COS MAR - MARRIOTT INTL INC NEW WYN - Wyndham Worldwide WI STI - SUNTRUST BANKS INC DNR - DENBURY RESOURCES INC BTU - PEABODY ENERGY CORP AMTD - TS Ameritrade Holdings JCI - JOHNSON CONTROLS INC AON - AON CORP CNQ - Canadian Natural Resources SPPI - Spectrum Pharmaceutical WNR - WESTERN REFINING INC IP - INTERNATIONAL PAPER CO CLDA - Novitron International OMC - OMNICOM GROUP INC LNG - Cheniere Energy Inc MEE - Massey Energy Co STLD - Steel Dynamics, Inc. CSX - C S X CORP STJ - ST JUDE MEDICAL INC ADI - ANALOG DEVICES INC FTO - FRONTIER OIL CORP CRUS - Cirrus Logic, Inc. VIA.B - Viacom Inc Class B CLF - Cliffs Natural Resources TRV - The Travelers Co NUE - NUCOR CORP MERC - Mercer International HUN - HUNTSMAN CORPORATION SWC - Stillwater Mining Co CVI - CVR Energy Inc TIN - TEMPLE INLAND INC PXP - Plains Exploration NI - NISOURCE INC CDNS - CADENCE DESIGN SYS INC JAZZ - Jazz Pharmaceutical IO - Ion Geophysical LCAPA - LIBERTY MED CP BEC - BECKMAN COULTER INC BEXP - Brigham Exploration Co WYNN - Wynn Resorts LTD SF - STIFEL FINANCIAL CORP BG - BUNGE LTD RRR - RSC Holdings Inc IPGP - IPG PHOTONICS CORP PLAB - Photronics, Inc. BZ - Boise, Inc. MRGE - Merge Health Inc PAG - UNITED AUTO GROUP INC PPG - P P G INDUSTRIES INC ILMN - Illumina, Inc. MWV - MEADWESTVACO CORP GEOI - GeoResources, Inc SATS - EchoStar Corp CXO - Concho Resources Inc BRO - BROWN AND BROWN INC PXD - PIONEER NATURAL RES CO LWSN - Lawson Software, Inc.
Unusual volume in today's trading session
HCKI - Wisebuys, Inc. UNDT - Universal Detection Technology HESV - Home Energy Savings Corp. ACDU - Accredited Business Consolidators Corp MRES - Neuro Biotech Corp LDSR - LandStar, Inc. LLNW - Limelight Networks Inc ATIG - Atlantis Internet Group Corporation ALTO - Alto Group Holdings PWLK - Powerlock International Corp. NYX - NYSE EURONEXT INC VG - VONAGE HOLDINGS CORP KV.A - K-V Pharmaceutical Co SMMT - Eatertainment International GENZ - Genzyme General MCZ - Mad Catz Interactive FLIP - FTS Group Inc. SQNM - Sequenom, Inc. CLI - MACK CALI REALTY CORP EVRM - The Evermedia Group, Inc.
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. As always, good luck ! AC