Feb
7
RFMD: RF Micro Devices, Inc
February 7, 2008 | Leave a Comment
So this lovely chart of RFMD shows a nice drop and start of a base. What i find attractive is the cross above 30 on the RSI and uptrend being displayed by the Full STO.
The stock is cheap at this price compared to it’s historical performance and if looking @ a 3 year chart you can see that the RSI has only dropped below 30 three different times.
The current stock price is trending upwards and looks nice.
Buy over $3.20-$3.30 on confirmation that it’s running and i think there is a free ride to about $3.60 then possibly over $4.00.
Blogroll
- Break Outs - A collection of posts from blogs I read that consistently perform well.
- Ron Walker - Rob Walker is a pattern trader with amazing youtube screen casts.
- StockCharts.com - Chart of $INDU configured the way I like it.
- The Bull Trader - Technical analysis blog run by an good group of guys.