These recently downgraded names are displaying both quantitative and technical deterioration.
Here's what we're seeing the charts after earnings.
Radio-frequency chip maker Qorvo Inc. is set to report after the bell, so let's check the charts.
I found nothing in the earnings that would provoke my exit, nor did I see anything that would provoke a rush to increase my stake.
Here's a name I see making a run to $35.
One is a semiconductor giant while the other two are solar trades.
The tech giant's shares have improved a bit of late but don't offer a compelling reason to be a buyer going into its fiscal fourth-quarter results.
It might be better to let the dust settled before making any moves.
A better buying opportunity is likely down the line.
Disappointing earnings and guidance from the tech giants dash the bullish momentum that was building in the Invesco QQQ Trust.