Qualcomm (QCOM) Offering Possible 11.86% Return Over the Next 8 Calendar Days

Qualcomm's most recent trend suggests a bearish bias. One trading opportunity on Qualcomm is a Bear Call Spread using a strike $53.50 short call and a strike $58.50 long call offers a potential 11.86% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $53.50 by expiration. The full premium credit of $0.53 would be kept by the premium seller. The risk of $4.47 would be incurred if the stock rose above the $58.50 long call strike price.

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

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

The RSI indicator is below 20 which suggests that the stock is in oversold territory.

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

IMPORTANT INVESTOR ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against QUALCOMM Incorporated, and Encourages Investors with Losses to Contact the Firm
Wed, 08 Feb 2017 23:47:00 GMT
Accesswire – IRVINE, CA / ACCESSWIRE / February 8, 2017 / Khang & Khang LLP (the “Firm”) announces the filing of a class action lawsuit against QUALCOMM Incorporated. (“QUALCOMM” or the “Company”) …

EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Qualcomm Incorporated – QCOM
Wed, 08 Feb 2017 23:08:34 GMT
GlobeNewswire – NEW YORK, Feb. 08, 2017– Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of Qualcomm Incorporated securities from February 1, …

EQUITY ALERT: Lundin Law PC Announces Securities Class Action Lawsuit Against QUALCOMM Incorporated and Encourages Investors with Losses to Contact the Firm
Wed, 08 Feb 2017 21:03:00 GMT
Accesswire – LOS ANGELES, CA / ACCESSWIRE / February 8, 2017 / Lundin Law PC , a shareholder rights firm announces a class action lawsuit against QUALCOMM Incorporated. (“QUALCOMM” or the “Company”) …

Why Qualcomm Stock Slumped 18% in January
Wed, 08 Feb 2017 20:50:00 GMT

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Wed, 08 Feb 2017 18:23:00 GMT

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