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SmarTrend Watching for Potential Pullback in Shares of Qorvo Inc After 4.67% Gain

By David Diaz

Qorvo Inc (NASDAQ:QRVO) traded in a range yesterday that spanned from a low of $75.12 to a high of $77.12. Yesterday, the shares gained 4.7%, which took the trading range above the 3-day high of $74.86 on volume of 825,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Qorvo Inc share prices have moved between a 52-week high of $86.84 and a 52-week low of $54.74 and are now trading 40% above that low price at $76.71 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

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.

Keywords: rebounders qorvo inc

Ticker(s): QRVO