A High-quality earnings stock!
Qorvo trading at 11.8% below its fair value, Earnings are forecast to grow 33% per year, Earnings grew by 495% over the past year. During the last year, QRVO exceeded the US Semiconductor industry by 22%.
From a technical standpoint, if we can stay above support or preferably above the green trend line, further upside should prevail.
Caution: Around the 78.70 handle closes the gap, which could provide another great buying opportunity. However below this zone would be considered bearish, with low to mid-60s as the next buying area.
Medium to Long term outlook.
Qorvo trading at 11.8% below its fair value, Earnings are forecast to grow 33% per year, Earnings grew by 495% over the past year. During the last year, QRVO exceeded the US Semiconductor industry by 22%.
From a technical standpoint, if we can stay above support or preferably above the green trend line, further upside should prevail.
Caution: Around the 78.70 handle closes the gap, which could provide another great buying opportunity. However below this zone would be considered bearish, with low to mid-60s as the next buying area.
Medium to Long term outlook.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.