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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.


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Denison Mines Corp. (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.



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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