Qualcomm's most recent trend suggests a bearish bias. One trading opportunity on Qualcomm is a Bear Call Spread using a strike $57.50 short call and a strike $62.50 long call offers a potential 163.16% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $57.50 by expiration. The full premium credit of $3.10 would be kept by the premium seller. The risk of $1.90 would be incurred if the stock rose above the $62.50 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 at 34.15 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
Is a Trade War with China Inevitable?
Tue, 03 Apr 2018 21:16:24 +0000
Fears of a trade war with China (MCHI) reignited when Donald Trump signed an executive memorandum on March 22, 2018, to impose annual tariffs of $50 billion on several Chinese imports. This is not the first time the US has taken aim at China. On March 1, 2018, the Trump administration imposed tariffs on steel and aluminum, and China retaliated by threatening to impose tariffs on $3 billion worth of US imports.
Apple Ditching Intel Chips? It Won't Be Easy but There Are Lots of Reasons Why
Tue, 03 Apr 2018 17:30:00 +0000
Rumors that Apple is thinking about breaking with Intel date back to 2012, but this is the first time a reputable source has said Apple is planning to actually do it.
How Apple dropping Intel would change the future of technology
Tue, 03 Apr 2018 14:21:33 +0000
The iPhone maker engineering more of its own technology would heighten competition, says Ryan Shrout.
Qualcomm, Inc. Is Showing Real Value
Tue, 03 Apr 2018 13:17:53 +0000
The way Qualcomm, Inc. (NASDAQ:QCOM) looks today, there could be real value off and on the price chart in the months ahead. But if investors are interested in getting long in today's market; using a modified and bullish fence strategy on QCOM is the stronger value proposition. Let me explain.
Google Could Buy Lytro At a Steep Discount
Tue, 03 Apr 2018 12:34:22 +0000
Internet Briefings: Google, Baidu, Amazon, and AlibabaGoogle paying $40 for a startup last valued at $360 million
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