RFMD - The gap triggerThe volume recently has been about average. The EMA's are headed higher with a large bullish angle. The SMA's are inching higher as well. It's coming into a resistance zone at 14.84 so be wary of reversal signals. Stochastics are slightly overbought and could be interpretted either as a buy or sell, RSI is level at 76 in the overbought territory but still has room to move and MACD is level looking for either a buy or sell signal as well. The BB are separated but slowing to converge. ADX is headed higer at 48. This looks like it needs a slight break and I'd be weary of a move higher. If it confirmed at 15.50, I'd wait for a slight retracement before getting into this bullish.
R:R - 2:1
Trigger - $15.55
Stop - $12.99
Target - $21.50
