« Ebay Reconsidering Skype Purchase | Home | RIMM Stock Followup »
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.
Play to win $50,000 and other great prizes in Wall Street Survivor's free fantasy stock exchange!
For more stock news and chart analysis, subscribe to my RSS feed, or stock newsletter:
Related Posts:
Topics: Stock Charts |