Stock Picks For Tuesday: DG FastChannel And Rambus

Chart courtesy of www.stockcharts.com ( click to enlarge )

DG FastChannel (DGIT) - The technical daily chart shows the stock has been testing the strong horizontal resistance of $23.05 (on 2 separate occasions) last week. Today, the stock failed again to close above this key level and the volume traded was quite large, which may be a indication that is too early to break this resistance. The stock is now vulnerable to a drop to the $21-22 range. Remain invested with a stop loss at $21. Only a move past $24.44 would impart a positive trend. It is better to stay at the sideline and see how the stock react for the next few days.

Chart courtesy of www.stockcharts.com ( click to enlarge )

Rambus (RMBS) - Rambus shares spiked today on news that a state court judge in California has ruled that the company can pursue its antitrust case against Samsung, Hynix Semiconductor and Micron Technology. The stock closed at 11.80, up 1.86 (+18.71%) on volume of 9,415,353. RMBS has a good looking stock chart price broke out from the horizontal resistance mark around $11.60 ( 200-day moving average ) on heavy volume in the face of a weak market. All indicators are in favor of an upward price movement. MACD has generated a buy signal and is currently above the 0 line. This momentum could push this stock much higher from here, so keep it on the radar.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.

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