California Micro Devices (CAMD)

Company

"California Micro Devices Corporation is a leading supplier of Application Specific Integrated Passive™ (ASIP) networks and related analog semiconductors. Within the company's broad product line are highly integrated solutions that ensure signal integrity, EMI (electromagnetic interference) filtering, ESD (electrostatic discharge) protection and smart power management for a broad spectrum of computing, communications, medical and lighting applications." (company website)

Buy

25-Jul-05. CAMD has been moving up steadily since the beginning of June. It broke $5.50 on six times normal volume. I recently sold one lot of CAMD while continuing to hold another lot. The chart is still strong, so I took another position. With the shares I already had as a base, my average price per share is now $6.22, giving me plenty of cushion to withstand a mild pullback.

• Price momentum (PPO) — intensified during last two weeks
• Trend (ADX) — steadily strengthening during last two weeks
• Money flow (CMF) — very positive, inflow at peak for last two months
• Relative strength (RSI) — very strong

After breaking the 200-day moving average, CAMD seemed to establish a new level of resistance/support at $6.50. That was the low price for the previous three consecutive trading sessions. That is will above my average share price.

Sell

9-Nov-05. After CAMD touched back to the purchase price of my last lot I set a stop-loss order to trigger if CAMD closed below $8.75. That condition was met yesterday, so my shares sold this morning.

The uptrend is still solidly in place (sidebar), and it's possible I may buy back in if the price corrects back near the 50-day moving average.