RF Monolithics

RFMI

Company. RF Monolithics "designs, develops, manufactures and markets a broad range of radio frequency (RF) component and module products in two product groups: Communications and Low-power. The Communications Products Group includes filter and frequency control products. The Low-power Products Group includes low-power components and Virtual WireÒ short-range radio products.... RFM ships millions of these devices to a worldwide customer base in the automotive, telecommunications, consumer and industrial market segments worldwide." (company website)

Buy. Since bottoming in August, RFMI has been moving sidewise. Today's open above $8, following four consecutive up-days with strong volume, looks like RFMI is breaking out of the doldrums. There has been a sharp increase in buying pressure (green +DI line), also reflected in the rapidly improving money flow situation (CMF).

Sell. I decided to sell today when I saw that buying pressure (green +DI line) was falling sharply, accompanied by an uptick in selling pressure (red -DI line). This is not unexpected, since RFMI is up sharply over the past month. It just seemed sensible to lock in the profits.