Qorvo Inc (QRVO) – Wireless Semiconductors – October 14, 2020

The bullish DailyPlay for Wednesday, October 14th is Qorvo Inc (QRVO). QRVO has experienced a 12.4% gain over the past month and its 1M and 6M trends turned bullish on September 28th. 

Fundamental View

  • Strong earnings growth of 151% from the previous quarter. 
  • Reasonable debt to equity with strong cash flows that are covered by operations 
  • Earnings Nov 4 (21 days).

Technical View

  • Pullback after strong rally to a previous support provides an attractive long opportunity. 
  • Both 1M and 6M trends are bullish
  • Very strong relative strength, technical score (9 out of 10)