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blue-chip

One NASDAQ-Listed Semiconductor Stock at Resistance Level: Qorvo Inc

Jul 17, 2024 | Team Kalkine
One NASDAQ-Listed Semiconductor Stock at Resistance Level: Qorvo Inc

QRVO:NASDAQ
Investment Type
Large-cap
Risk Level
Action
Rec. Price (CA$)

Qorvo Inc

Qorvo, Inc. (NASDAQ: QRVO) is engaged in the development and commercialization of technologies and products for the wireless, wired and power markets. The Company operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG) and Advanced Cellular Group (ACG).

As per our previous US AI report published on ‘QRVO’ on 20th March 2024, Kalkine provided an ‘Buy’ stance on the stock at USD 110.71 based on decent fundamentals, associated risks, and valuation and the stock price has now moved by ~16.71% since then and has attained resistance 1 and resistance 2.

Noted below are the details of support and resistance levels provided in our previous report:

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