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Qorvo Inc Bullish Moving Average Crossover Alert (QRVO)

By Amy Schwartz

Qorvo Inc (NASDAQ:QRVO) crossed over its 10-day moving average of $69.25 on a volume of 257K 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.

In the past 52 weeks, Qorvo Inc share prices have been bracketed by a low of $54.74 and a high of $86.84 and are now at $70.00, 28% above that low price. The 200-day and 50-day moving averages have moved 0.33% lower and 1.07% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Qorvo Inc on January 18th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $62.87. Since that recommendation, shares of Qorvo Inc have risen 9.2%. 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