Some analysts say that when the market starts off this strong, it tends to keep the upward momentum going until the end of the year.
"Instead of 'Sell in May and Go Away,' we may be setting up for a surprise May rally," said Ryan Detrick, senior technical analyst at Schaeffer's Investment Research in Cincinnati, Ohio.
Despite lingering concerns about a technical pullback, the market's strong performance so far this year has also increased the chances of equities rallying throughout the year, according to some analysts.
Technical analysts say the next level to watch would be 1,660 on the S&P 500.
Confirmed
May 16 - $99.99
App le
b-stop 5.71
Short interest a/o 4/15/2013.
15,769,898 rfmd shares short.
Resistance above: None
Breakout confirmed 5.63, 5.70 H.
Low estimate.
52H, 5.67
Earlier, Schweitzer's side rejected a proposed settlement to split the board evenly and avoid a vote. The former governor said before the vote that nothing short of McAllister's ouster would be acceptable for his side.
An evenly split board would offer "the worst governance you could imagine," he said then.
RF Micro Devices Inc. (RFMD) also appears to be setting up for a breakout as the stock has edged above lateral resistance in the 5 1/2 area.
Javelin says their chips save 10% to 20% of battery drain relative to peer chips. While there are technology challenges versus gallium arsenide (GaAs), one of the advantages with Silicon CMOS PAs is potential for integration with basebands or cost reduction with fewer matching filters.
This acquisition follows partner Qualcomm's (QCOM) move into CMOS RF360 front-ends and RF Micro Devices' (RFMD) Amalfi acquisition for radio frequency (RF) CMOS capability for entry level smartphone market.
RF Micro Device (NASDAQ: RFMD) had its target price increased by BNP Paribas from $6.50 to $7.00 in a research note issued to investors on Thursday.
5.629
Window dressing
Over the wall they go, 5.60
5.59, 52H
Canaccord estimates 2014 Annual Revenue, $1503M.