Ramtron International (NASDAQ:RMTR) – Chart Signals A Possible Breakout!

RMTR - chart" src="http://stock-tipper.com/wp-content/uploads/2011/06/RMTR02.png" alt="" width="480" height="278" />

RMTR - Google Finance" href="http://www.google.com/finance?q=NASDAQ%3ARMTR&client=fss&gl=us&hl=en&">Ramtron International RMTR is a stock that I first posted about in early April and since then we have seen a very strong rebound. Since my initial post, the stock has gained an impressive 32% on yesterday's close of $3.42.

Yesterday's close also saw a major upper resistance level at $3.30 being broken. That break through major resistance, signals a possible buy signal.  The share price has also broken above both the 200MA and the 50MA, and this is also a bullish signal. Since early April a strong upward trend has also been established and although there have been large fluctuations in the stock price, the trend has remained intact.

Brief research for a possible fundamental reason for the recent rally came up scratch. So the reason for the move higher could simply be a case of the market in general regaining its confidence.

Please do your own due diligence.