Trade Idea - RFMD
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Trade Idea - RFMD
It seems to me that 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 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.
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www.ac-investor.blogspot.com -
Análises Técnicas de activos cotados em Wall Street. Os artigos do AC Investor podem também ser encontrados diariamente nos portais financeiros, Daily Markets, Benzinga, Minyanville, Solar Feeds e Wall Street Pit, sendo editor e contribuidor. Segue-me também no Twitter : http://twitter.com/#!/ACInvestorBlog e subscreve a minha newsletter.
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