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Strategies & Market Trends : The Thread

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To: stan s. who started this subject	6/6/2001 9:57:44 AM
From: Dave Gore	Read Replies (2) of 49816

FROM BRIEFING.COM Yesterday on RFMD - Micro Device (RFMD) 27.34 +2.56 (+10.3%): -- Update -- Technical -- Stock runs to the upper end of its week long trading range and the top of the May 30 gap (27.40) after recent bounce off its 200 day simple ma amid above average volume Merrill positive, see 09:24 comment. Sustained breach and the bullish posture of the daily indicators suggests potential to next resistance at 29.50 over the near term. Other stocks in this sector (ANAD broke above 200 day ma and AHAA broke 20/50 day ma) have accomplished similar feats. 05-Jun-01 09:24 ET RF Micro Device (RFMD) 24.78: Merrill Lynch out with positive comments this morning; notes RFMD was down 10% yesterday on AXTI's pre-announcement; Merrill's channel checks indicate RFMD is on track to meet or exceed our June and September quarter ests; believes RFMD has "an excellent chance to post upside to its earnings and revenue ests going forward"; reiterates intermediate-term Accumulate and long-term Buy ratings and price target of 31. **** I like the prospects here and the stock is down from a recent 37.

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