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Qorvo Inc Crosses Below its 10-day MA (QRVO)

By Nick Russo

Qorvo Inc (NASDAQ:QRVO) crossed under its 10-day moving average of $83.94 on a volume of 147K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Qorvo Inc has traded in a range of $48.28 to $86.84 and is now at $83.72, 73% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.5%.

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 10.1%. 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