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Bullish Moving Average Cross by Qorvo Inc (QRVO)

By David Diaz

Today, shares of Qorvo Inc (NASDAQ:QRVO) have crossed bullishly above their 10-day moving average of $63.97 on a volume of 197K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Qorvo Inc has traded in a range of $54.74 to $86.84 and is now at $65.78, 20% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Qorvo Inc on May 13th, 2019 by issuing a Downtrend alert when the shares were trading at $71.75. Since that call, shares of Qorvo Inc have fallen 11.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses qorvo inc

Ticker(s): QRVO