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Wednesday, May 9, 2012

Downward Wedge Patterns Shown in Stocks: (RFMD)

Downward wedge patterns have been noticed on May 9 for the stocks RF Micro Devices Inc. The price range of these stocks is getting more narrow as the downward trend continues, thus signally the trend is losing steam. This sends a bullish signal to investors as the downward trend is ending.

Shares of RF Micro Devices Inc (RFMD) fell by 3.76% or $-0.15/share to $3.96. In the past year, the shares have traded as low as $3.89 and as high as $7.88. On average, 3845510 shares of RFMD exchange hands on a given day and today's volume is recorded at 3247400.