Unexpected Price Movement Spotted In Shares Of (NASDAQ: RDA)

RDA Microelectronics, Inc. (NASDAQ: RDA): traded higher by 18.64% or $1.84/share to $11.71. In the past year, the shares have traded as low as $7.06 and as high as $15.43. On average, 48324 shares of RDA exchange hands on a given day and today's volume is recorded at 192411. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $11.91 represents resistance and the 200-day moving average of $10.43 would be an area of support.