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Qorvo is ripping this morning following a very solid earnings report last night:

Today the stock received an upgrade to “Outperform’ from Oppenheimer.  The news has sparked a powerful breakout move that is pushing shares into new all time territory.  The narrowing consolidation pattern that began in early June is giving way to a fresh rally leg.  QRVO has layers of support underneath running from the $123-$119.00 area.  This key zone includes the stock’s January peak as well as the June highs.  Shares are also well below overbought levels.  We will be buyers on weakness.

No position.