"The one glimmer of hope? Qorvo stock, at $58.38, is trading above its eight-day simple moving average of $56.79, a bullish signal for short-term traders sniffing for momentum. But with the 20-day, 50-day and 200-day simple moving averages all looming above like resistance cliffs, the broader trend still points to caution.
For now, Qorvo's bounce looks more like a dead-cat rally than a full-blown turnaround. But with activist capital in play, investors might want to keep QRVO stock on the radar. Smith isn't known for sitting quietly—this could be the start of a bigger shake-up in the chip space." ---------------------------- Benzinga.com