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Qorvo Inc Bullish Moving Average Crossover Alert (QRVO)

By James Quinn

Today, shares of Qorvo Inc (NASDAQ:QRVO) have crossed bullishly above their 10-day moving average of $81.02 on a volume of 436K shares. Swing traders may find 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 $48.28 and a high of $86.84 and are now at $82.70, 71% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Qorvo Inc on May 4th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $77.69. Since that recommendation, shares of Qorvo Inc have risen 3.5%. 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