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Tuesday, May 15, 2012

Technical Downward Wedge: (RFMD)

Downward wedge patterns have been noticed on May 15 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) traded higher by 0.76% or $0.03/share to $3.98. In the past year, the shares have traded as low as $3.86 and as high as $7.89. On average, 3733000 shares of RFMD exchange hands on a given day and today's volume is recorded at 1553095.