Death Cross Looms Over Qorvo Investors

If history is any guide, there may be trouble ahead for shares of QorvoQRVO. A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

What To Know: Many traders use moving average crossover systems to make their decisions.

When a shorter-term average price crosses above a longer-term average price, it could mean the stock is trending higher. If the short-term average price crosses below the long-term average price, it means the trend is lower.

Why It's Important: The 50-day and the 200-day simple moving averages are commonly used.

The death cross occurs when the 50-day moves below the 200-day. This could mean the long-term trend is changing.

That just happened with Qorvo, which is trading around $165.64 at publication time.

  • Massive Demand & Disruptive Potential – Boxabl has received interest for over 190,000 homes, positioning itself as a major disruptor in the housing market.
  • Revolutionary Manufacturing Approach – Inspired by Henry Ford’s assembly line, Boxabl’s foldable tiny homes are designed for high-efficiency production, making homeownership more accessible.
  • Affordable Investment Opportunity – With homes priced at $60,000, Boxabl is raising $1 billion to scale production, offering investors a chance to own a stake in its growth.
Share Price: $0.80
Min. Investment: $1,000
Valuation: $3.5B

Remember: Seasoned investors don't blindly trade Death Crosses.

Instead, they use it as a signal to start looking for short positions based on other factors, like price levels and company fundamentals & events.

For seasoned investors, this is just a sign that it might be time to start considering possible short positions.

With that in mind, take a look at Qorvo's past and upcoming earnings expectations:

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 2.45 2.43 2.68 2.12
EPS Actual 2.83 2.74 3.08 2.43
Revenue Estimate 1.08 B 1.04 B 1.07 B 1.01 B
Revenue Actual 1.11 B 1.07 B 1.09 B 1.06 B

Do you use the Death Cross signal in your trading or investing? Share this article with a friend if you found it helpful!

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QRVOQorvo Inc
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