RF Micro (RFMD) Gets Above $4 Level on Volume; Volatility Lower

September 11, 2012 11:45 AM EDT Send to a Friend
RF Micro Devices (Nasdaq: RFMD) shares are on the move Tuesday on stronger volume as the stock breaks above the $4 resistance level.

Nothing specific is out on the stock, but shares have popped above several moving averages, including the 50- and 100-day SMAs.

On the move today, implied volatility appears to be down about 2.5 percent from Monday's close, though volatility is about 9 points over its trailing average.

Shares of RF Micro are 9.2 percent better on the session. The pop today nearly fills the gap that RF dropped below following first-quarter results in July.


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