Because of underlying problems, movements in this stock RMBS are too difficult to "forecast," so this will be limited to "prediction."
At its present price level it is very close to an upside breakout on its point and figure chart. This writer predicts that breakout will come as soon as the FTC hearing matters are resolved. RMBS has been involved, and continues to be involved, in long-running litigation in order to capture the value of its research and development. So far, the company has been successful in its litigation and recovery of hundreds of millions of dollars in royalties is anticipated for past use of its patents. However, currently the FTC has overruled its own hearing examiner (Administrative Law Judge), and has ordered RMBS to lower its royalty charges for the use of its technologies. The company is appealing the ruling of the FTC to a higher court.
For general information, RMBS technology is the principle behind the SDRAM, the Rambus-based RB DRAM, and other interface technologies used in consumer PCs. Those interested should read the company's website: www.rambus.com. There is detail about the FTC matter. If you read the charges, etc, you may be shocked at the FTC staff positions. So, do some homework. These shares do not pay a dividend and are currently trading at a very high P/E.
On the technical charts, Cash has started to flow in to the holdings, distribution drift downward has begun to turn up, and OBV is also on the upswing. Also, the price trend has been banging against and through the upper Bollinger bands. This writer predicts that the shares will move from their present level of just under $23 up to$25 within the next 30 days and thereafter will move steadily up to the $30 level, probably by the end of the second half.
Eternal vigilance!!!