It was highlighted in yellow in the 4/01/21 mid-day report (read here) but stalled after recently wedging up to new highs from a 9-week base. QRVO was last shown in this FSU section on 4/29/21 with an annotated graph under the headline, "Quiet Gain For Best Ever Close". Disciplined investors noted that it did not produce confirming volume-driven gains as a reassurance of fresh institutional buying demand that can lead to a significant new leg higher.

QRVO has a 93 Earnings Per Share Rating. It reported Dec '20 quarterly earnings +66% on +26% sales revenues versus the year ago period. Three of the 4 latest quarterly comparisons were above the +25% minimum guideline (C criteria). Annual earnings growth has been steady.

The number of top-rated funds owning its shares rose from 1,363 in Mar '20 to 1,633 in Mar '21, a reassuring sign concerning the I criteria. It has 112.6 million shares outstanding (S criteria). Its current Accumulation/Distribution Rating is B-. Its current Up/Down Volume Ratio of 1.0 is an unbiased indication its shares have been neural concerning accumulation/distribution over the past 50 days.

Chart courtesy of www.stockcharts.com

It was last shown in this FSU section on 4/05/21 with an annotated graph under the headline, "Hit Another New High With Even Less Volume Conviction". Volume was +33% above average on 4/01/21 as QRVO broke out from any orderly 9-week base. Volume should be at least +40% above average to trigger a proper technical buy signal. So, disciplined investors may still be watching for confirming gains as a reassurance of fresh institutional buying demand that can lead to a significant new leg higher.

Keep in mind the company is due to report Mar '21 quarterly results on 5/05/21, and volume and volatility often increase near earnings news. QRVO has a 93 Earnings Per Share Rating. It reported Dec '20 quarterly earnings +66% on +26% sales revenues versus the year ago period. Three of the 4 latest quarterly comparisons were above the +25% minimum guideline (C criteria). Annual earnings growth has been steady.

The number of top-rated funds owning its shares rose from 1,363 in Mar '20 to 1,623 in Mar '20, a reassuring sign concerning the I criteria. It has 113.3 million shares outstanding (S criteria). Its current Accumulation/Distribution Rating is A-. However, its Up/Down Volume Ratio of 0.9 is an unbiased indication its shares have been under slight distributional pressure over the past 50 days.

Chart courtesy of www.stockcharts.com

QRVO has a 94 Earnings Per Share Rating. It reported Dec '20 quarterly earnings +66% on +26% sales revenues versus the year ago period. Three of the 4 latest quarterly comparisons were above the +25% minimum guideline (C criteria). Annual earnings growth has been steady.

The number of top-rated funds owning its shares rose from 1,363 in Mar '20 to 1,573 in Dec '20, a reassuring sign concerning the I criteria. It has 113.3 million shares outstanding (S criteria). Its current Accumulation/Distribution Rating is A-. However, its Up/Down Volume Ratio of 0.9 is an unbiased indication its shares have been under slight distributional pressure over the past 50 days.

Chart courtesy of www.stockcharts.com

Rebound Above 50-Day Moving Average Helped Outlook - Wednesday, June 2, 2021

Quiet Gain For Best Ever Close - Thursday, April 29, 2021

Hit Another New High With Even Less Volume Conviction -