Qorvo is ripping this morning following a very solid earnings report last night: https://www.smarteranalyst.com/yahoo/qorvo-rises-7-in-pre-market-on-earnings-beat-upbeat-guidance/?mod=mw_quote_news
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.