This semiconductor stock has recently received two analyst upgrades: from KeyBanc, to ‘Overweight’, and Goldman Sachs, to ‘Buy’.
Qorvo, Inc. (QRVO)
From Nate’s Notes
As you can see in the chart, Qorvo, Inc. (QRVO) has been climbing higher with a vengeance over the past three-and-a-half months, and though it’s on the verge of running into a fairly serious overhang of stock when looked at through a chartist’s eyes, there is no rule that says it can’t just slice through the anticipated resistance without a pause. We will have to just wait and see where the market actually wants to take the stock next.
As part of my plan to put a portion of our cash back to work this month, I am buying a few more shares in the Model Portfolio.
QRVO is now a strong buy under $72 and a buy under $82.
Nate Pile, Nate’s Notes, www.NotWallStreet.com, 707-433-7903, April 2019