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Bearish Moving Average Cross by Qorvo Inc (QRVO)

By David Diaz

Qorvo Inc (NASDAQ:QRVO) crossed under its 10-day moving average of $83.09 on a volume of 323K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Qorvo Inc have traded between a low of $48.28 and a high of $86.84 and are now at $81.60, which is 69% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Qorvo Inc on January 12th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $69.96. Since that recommendation, shares of Qorvo Inc have risen 19.2%. We continue to monitor QRVO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses qorvo inc

Ticker(s): QRVO