Bulls See RF Micro Devices Moving Higher (RFMD)
February 14, 2011 12:54 PM
Shares of RF Micro Devices (NASADQ: RFMD) are lower on the session by 0.48%, currently trading at $8.06. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages.
Options traders are buying calls on the name today. A short while ago the August 2011 $8.00 call was purchased 3,000 times, on the offer, on open interest of 579 contracts.
Overall call volume is now running at 2.46x the daily average with 73% of all calls traded being purchases on the offer.
RF Micro Devices, Inc. designs and manufactures radio frequency components and compound semiconductor technologies. The company's products enable worldwide mobility, provide enhanced connectivity and support advanced functionality in the cellular handset, wireless infrastructure, wireless local area network, cable television (CATV)/broadband, and aerospace and defense markets.
