Qualcomm (QCOM) Offering Possible 8.93% Return Over the Next 29 Calendar Days

Qualcomm's most recent trend suggests a bullish bias. One trading opportunity on Qualcomm is a Bull Put Spread using a strike $75.00 short put and a strike $70.00 long put offers a potential 8.93% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $75.00 by expiration. The full premium credit of $0.41 would be kept by the premium seller. The risk of $4.59 would be incurred if the stock dropped below the $70.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Qualcomm is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Qualcomm is bullish.

The RSI indicator is at 74.52 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Qualcomm

Former Qualcomm executive pleads guilty to insider trading
Fri, 22 Aug 2014 18:12:35 GMT
Reuters – Robert Herman, 52, entered his plea on Thursday in the U.S. Attorney Laura Duffy said. Co-defendant Derek Cohen, who was also a director in Qualcomm's North America sales department, has pleaded not guilty. Qualcomm is based in San Diego.

Former Qualcomm executive pleads guilty to insider trading
Fri, 22 Aug 2014 17:58:49 GMT
Reuters – A former Qualcomm Inc sales director has pleaded guilty to insider trading in Atheros Communications Inc after learning that his company planned to buy the rival chipmaker in 2011. Robert Herman, 52, entered his plea on Thursday in the U.S. Attorney Laura Duffy said. Co-defendant Derek Cohen, who was also a director in Qualcomm's North America sales department, has pleaded not guilty.

[$$] China Says Qualcomm Is Willing to Resolve Dispute
Fri, 22 Aug 2014 11:18:50 GMT
The Wall Street Journal – Chinese regulators said that Qualcomm is willing to make efforts to resolve a dispute that prompted an investigation by Beijing into the company's pricing practices there.

China regulators says Qualcomm seeks to end anti-trust probe
Fri, 22 Aug 2014 11:09:29 GMT
Reuters – The National Development and Reform Commission (NDRC), in a statement on its website, said its officials had met on Thursday with a delegation from Qualcomm which included company President Derek Aberle. “Qualcomm executives discussed with NDRC officials several topics in an effort to reach a comprehensive resolution,” the company said in an e-mailed statement. “We are continuing to cooperate with NDRC and cannot comment further.”

China regulators says Qualcomm seeks to end anti-trust probe
Fri, 22 Aug 2014 11:09:29 GMT
Reuters – The National Development and Reform Commission (NDRC), in a statement on its website, said its officials had met on Thursday with a delegation from Qualcomm which included company President Derek Aberle. “Qualcomm executives discussed with NDRC officials several topics in an effort to reach a comprehensive resolution,” the company said in an e-mailed statement. “We are continuing to cooperate with NDRC and cannot comment further.”

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