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Look for Shares of Qorvo Inc to Potentially Rebound after Yesterday's 5.54% Sell Off

By James Quinn

Qorvo Inc (NASDAQ:QRVO) traded in a range yesterday that spanned from a low of $66.20 to a high of $69.00. Yesterday, the shares fell 5.5%, which took the trading range below the 3-day low of $68.72 on volume of 869,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Qorvo Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Qorvo Inc in search of a potential trend change.

Over the past year, Qorvo Inc has traded in a range of $48.28 to $86.84 and is now at $66.83, 38% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1%.

Keywords: rebounders qorvo inc

Ticker(s): QRVO