"Goodmorning...Breadth was good yesterday after a late day surge to the upside. Our best guess is the market breaks out here to the upside over the near-term despite some market weakness this morning. Keep in mind the back and forth action we have seen puts a lot of "tired" money on the sidelines...that money on the sidelines is the fuel needed to power ahead a rally."
Your new stock pick this morning is Rambus (Nasdaq:RMBS) with a target of $20.00 and a stop-loss at $16.00. RMBS broke out yesterday on good volume---semi stocks typically lead the market and this one should not be an exception.
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