• Return to Headlines

Qorvo Inc Rises 1.59% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Qorvo Inc (NASDAQ:QRVO) traded in a range yesterday that spanned from a low of $69.50 to a high of $70.07. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $69.75 on volume of 546,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Qorvo Inc has traded in a range of $54.74 to $86.84 and is now at $69.94, 28% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has slid 0.3%.

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: rebounders qorvo inc

Ticker(s): QRVO