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Qorvo Inc Bearish Moving Average Crossover Alert (QRVO)

By David Diaz

Qorvo Inc (NASDAQ:QRVO) shares have crossed bearishly below their 10-day moving average of $76.11 on a volume of 196K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Qorvo Inc share prices have been bracketed by a low of $54.74 and a high of $86.84 and are now at $75.52, 38% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has slid 0.2%.

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 22.1%. We continue to monitor QRVO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses qorvo inc

Ticker(s): QRVO