QRVO is long from $15. It has jumped about $13 and is trading at $85.10 as of this writing. Our target zone has been $85 to $100. We are suspending the target zone because its selection for future iPhones is attractive but overall digging below the surface, earnings were poor.
What To Do Now
We will continue to hold the stock but those who have not taken some profits in 2018 may consider taking partial profits here.
Trades posted on The Arora Report Market Blog have produced unrivalled performance since 2007.