Semiconductor company QRVO is having a buyable gap on after a strong earnings report. Earnings and sales are skyrocketing, pretax margin 27.5%, group rank 14. Note, MDM is on a sell so you might just want to watch this one for now in relation to the overall market, but could become actionable should market conditions improve.
Note how at the time of this writing, QRVO is trading in the lower half of its range, though seems to get support at its 50dma. One could use the low of today's trading range as the sell stop instead of giving the stock any (1-2%) room to undercut today's low, should today's low remain just under its 50dma, thus diminishing risk.
Buyable Gap Up - QRVO 5/7/15
|Published:||7 May 2015 15:48 ET|
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