RFMD Upgraded
Friday, May 25, 2007
Chart courtesy of stockcharts

RF Micro Device were up today more than 5% closing at 6.50$ after John Lau, an analyst at Jefferies upgraded his rating on the shares to "buy" from "hold", and raising the share price target to $9. Stock is actually recovering from the loses of March, however 6.60$ is a the major resistance to break. Today RFMD make a test but fail let's see next week. The daily chart show that are indicators in the Bullish area. Keep an eye on RFMD next week !!!!

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posted by Pro Investor Trader at 12:58 PM | Permalink


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