RF Micro Devices Inc.(RFMD) has rising momentum with an uptrend

(28-Apr-2008) (28-Apr-2008) RF Micro Devices Inc.(RFMD) closed at 3.32, up 0.12 or 3.75 % for the day. Based on our analysis, RF Micro Devices Inc.(RFMD) has rising momentum with an uptrend.

The closing price of RF Micro Devices Inc.(RFMD) is above its 50 day moving average of 2.95 (Designated by blue line). This indicates that the trend is up. 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 uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line on 24-Mar-2008, about 27 trading days ago.