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Investors look to Lighten Up on Shares of RF Micro Devices, Shares Down 12.1% (RFMD)Feb 21, 2013 (SmarTrend(R) Spotlight via COMTEX) -- RF Micro Devices (NASDAQ:RFMD) is one of today's worst performing low-priced stocks, down 12.1% to $4.55 on 2.3x average daily volume. Thus far today, RF Micro Devices has traded 12.1 million shares, vs. average volume of 5.3 million shares per day. The stock has underperformed the Dow (-12.1% to the Dow's -0.4%) and underperformed the S&P 500 (-12.1% to the S&P's -0.6%) during today's trading. RF Micro Devices has overhead space with shares priced $4.54, or 30.1% below the average consensus analyst price target of $6.50. The stock should hit resistance at its 50-day moving average (MA) of $4.83, as well as support at its 200-day MA of $4.20. RF Micro Devices, Inc. designs, develops, and markets proprietary radio frequency integrated circuits. The Company's products are used for wireless communications applications such as cellular and PCS, cordless telephony, wireless LANs, wireless local loop, industrial radios, wireless security and remote meter reading. In the past 52 weeks, RF Micro Devices share prices have been bracketed by a low of $3.45 and a high of $7.89 and are now at $4.54, 32% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.7%. SmarTrend recommended that subscribers consider buying shares of RF Micro Devices on October 24th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $4.46. Since that recommendation, shares of RF Micro Devices have risen 16.0%. We continue to monitor RFMD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |