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Qorvo Inc Rises 1.86% 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 $77.71 to a high of $77.91. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $77.26 on volume of 602,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Qorvo Inc have traded between a low of $54.74 and a high of $86.84 and are now at $77.81, which is 42% above that low price. The 200-day and 50-day moving averages have moved 0.09% lower and 0.95% higher over the past week, respectively.

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: rebounders qorvo inc

Ticker(s): QRVO