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RF Micro Devices Breakout
By Stock Charts | April 24, 2008
RF Micro Devices, Inc. (RFMD) surged upwards again today on large volume, furthering the breakout formed yesterday. RF Micro has been on a downtrend for a while now but broke out of it’s resistance around $3.00 with heavy volume, carrying the stock past it’s 50 DMA. With MACD looking up, RFMD could be a good swing trade. I’m planning on taking a position in RFMD sometime within the next week.
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