RF Micro Devices Inc. (NASDAQ: RFMD), a designer and manufacturer of radio frequency components and compound semiconductor technologies, is marginally higher in mid-day trading today, extending its gains from the previous trading session. RFMD had risen sharply on Thursday, finishing the day more than 4% higher.
In today’s trading, the stock is up 0.71% to $4.93 on volume of 1.31 million, which is a little over a quarter of the daily average volume of 5.17 million. RFMD has crossed $4.90 resistance level today, which is a bullish signal. The next resistance level for the stock is at $5. The upward trend will continue if the stock breaks through this level.
Atmel Corporation (NASDAQ: ATML), a designer, developer and supplier of microcontrollers, is marginally lower in mid-day trading today, reversing some of the gains from the previous trading sessions. ATML had risen sharply in the previous two trading sessions after the company announced that it is collaborating with Celeno on Wi-Fi direct remote controls for consumer products. The company also announced this week that it expanded its family of maxTouch S Controllers with enhanced nodes and capabilities.
ATML is currently trading 0.71% lower at $7.02 on volume of 2.30 million, which is nearly a third of the daily average volume of 6.54 million. The stock has gained nearly 5% in the last three trading sessions.
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SOURCE Investor Alley, Inc.