RF Micro Devices, Inc.(RFMD) is in an downtrend but momentum is showing some life

(28-Feb-2008) (28-Feb-2008) RF Micro Devices, Inc.(RFMD) closed at 3.5, down -0.05 or -1.41 % today. Based on our analysis, RF Micro Devices, Inc.(RFMD) is in an downtrend but momentum is showing some life.

The closing price of RF Micro Devices, Inc.(RFMD) is below its 50 day moving average of 4.11 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that RF Micro Devices, Inc.(RFMD) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 31-Jan-2008, about 20 trading days ago.