RFMD with lack of strength
Saturday, August 18, 2007
Chart courtesy of stockcharts

Shares of RF Micro Devices were up 2% yesterday closing at $6.03 following the sentiment of the overall stocks. Looking at the daily chart above, presently stock is trading in a clear Bull Market with share price below its 20 , 50 and 200 daily moving average respectively. Even with a close above $6 , stock are still showing some weakness to move up, also indicators such MACD and RSI still in Bearish territory. So, I suggest a long position on stock only above $6.12, the previous support now resistance.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical example.

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posted by Pro Investor Trader at 2:21 PM | Permalink


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