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Archive for March, 2008.
Chart courtesy of stockcharts
RFMD has been in a bear market since the start of the year and now it maybe ready to bounce off the current levels, but confirmation is required still. Its down from around $6 a share to around $2.50. In my honest opinion stock is looking very attractive at this point and volume also are telling us something, average daily volume has decreased nearly 50%. In addition, although the stock didn’t perform well since January, we should see a rebound as the technical chart now shows positive momentum is back as MACD is now back above 0. Stay tuned on her.
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 examples.
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