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Qorvo, Inc.
Long

QRVO - Bullish Setup

By Chartimistic
Qorvo gapped up on an earnings announcement & has held the level. The RSI seems to be bouncing off the 50 level as the slow stochastic exits an oversold condition. The recent low candle had a higher than average volume accompanying it which I noted on the chart. Good relative strength in this name too. This is a tech company within the semiconductor industry, which never hurts in this market.
Chart PatternsTechnical IndicatorsQRVORelative Strength Index (RSI)semiconductorsS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) technologyTrend Analysis
Chartimistic
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