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Technology Stocks : RF Micro Devices (RFMD)
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To: David Perfette who wrote (1842)12/28/1999 1:17:00 PM
From: Gary Schneekloth  Read Replies (1) of 4849
 
Here's a little novice TA. Take it as that. I am on the sidelines watching RFMD very closely. I like stocks with the chart pattern of RFMD. The stock is forming a symmetrical triangle. Stocks can break either way from these so they are somewhat risky. However, the reduced volume tells me consolidation is going on and eventually the stock will move higher. Keep an eye on the stock as its price approaches the 50 day moving average. When they meet should tell us where the stock is headed. I look for a bounce and a dramatic move higher. However, I've been burned jumping in too soon before, so I'll wait until confirmation...
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