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Qorvo Inc: The Winning Streak Continues (QRVO)

By Shiri Gupta

Qorvo Inc (NASDAQ:QRVO) traded today at a new 52-week high of $93.45. Approximately 373,000 shares have changed hands today, as compared to an average 30-day volume of 850,000 shares.

Qorvo Inc, designs, develops, manufactures, and markets a variety of high performance analog and mixed signal integrated circuits for the communications markets. The Company's products are used for wireless communications applications such as cellular and PCS, cordless telephony, wireless LANs, industrial radios, wireless security, and remote meter reading.

Qorvo Inc share prices have moved between a 52-week high of $93.45 and a 52-week low of $54.74 and are now trading 69% above that low price at $92.76 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.5%.

Qorvo Inc (NASDAQ:QRVO) is currently priced 13.0% above its average consensus analyst price target of $80.70. The stock should discover initial support at its 50-day moving average (MA) of $75.74 and subsequent support at its 200-day MA of $70.90.

SmarTrend is tracking the current trend status for Qorvo Inc and will alert subscribers who have QRVO in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows qorvo inc

Ticker(s): QRVO