TMCNet:  Upgrade Alert for RF Micro Devices (RFMD)

[February 22, 2013]

Upgrade Alert for RF Micro Devices (RFMD)

Feb 22, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- RF Micro Devices (NASDAQ:RFMD) was upgraded from Neutral to Buy at Lazard Capital today. The stock closed yesterday at $4.61 on volume of 26.3 million shares, above average daily volume of 5.4 million. Over the past year, RF Micro Devices has traded in a range of $3.45 to $7.89 and closed yesterday at $4.61, 34% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.


RF Micro Devices (NASDAQ:RFMD) has potential upside of 38.3% based on a current price of $4.61 and analysts' consensus price target of $6.38. RF Micro Devices shares should encounter resistance at the 50-day moving average (MA) of $4.83 and 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.

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 3.5%. 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 cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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

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