Qorvo Sees IBD RS Rating Improve To 72

In a welcome move, Qorvo (QRVO) saw its Relative Strength Rating improve from 68 to 72 on Friday.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price movement over the trailing 52 weeks stacks up against all the other stocks in our database.

Decades of market research shows that the best stocks often have an RS Rating north of 80 as they begin their largest runs. See if Qorvo can continue to show renewed price strength and hit that benchmark.

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While the stock is not near a proper buying range right now, see if it goes on to form and break out of a proper consolidation.

Taking a look at revenue and profit performance, Qorvo has posted rising EPS growth in each of the last four reports. Sales gains have also moved higher over the same time frame.

Qorvo holds the No. 8 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Chipmos Technologies (IMOS) and Power Integrations (POWI) are also among the group’s highest-rated stocks.


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