Qualcomm (QCOM) Offering Possible 7.76% Return Over the Next 28 Calendar Days

Qualcomm's most recent trend suggests a bullish bias. One trading opportunity on Qualcomm is a Bull Put Spread using a strike $70.00 short put and a strike $65.00 long put offers a potential 7.76% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 by expiration. The full premium credit of $0.36 would be kept by the premium seller. The risk of $4.64 would be incurred if the stock dropped below the $65.00 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 66.67 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

Qualcomm to Give CEO a Pay Raise in Vote of Confidence
Wed, 19 Sep 2018 18:34:55 +0000
Qualcomm Inc.’s board is planning to announce a bigger pay package for Chief Executive Officer Steve Mollenkopf, showing confidence in his leadership through a grueling period for the chipmaker, according to people familiar with the process. The new compensation is tied to progress made by Mollenkopf and his executive team in tackling a series of challenges the company has faced in recent years, the people said. Apple Inc. stopped using Qualcomm’s products, stopped paying billions of dollars in licensing fees and launched a legal battle that’s spread across the globe.

Microsoft Seeks Innovative Technologies
Wed, 19 Sep 2018 13:45:02 +0000
Microsoft (MSFT) wants to expand its innovation in the field of AI, blockchain, IoT (Internet of Things), and data analytics. The evolution of high-speed 4G Internet service and shifting workloads from on-premise to the cloud platform by most of the organization has increased the demand. Connected devices’ growth is creating more opportunities for Microsoft.

[$$] Hedge Funds' Pain at NXP Can Be Other Investors' Gain
Wed, 19 Sep 2018 12:17:43 +0000
and it is not the company’s business but its shareholders. Qualcomm was prepared to pay $127.50 for each NXP share, valuing the company at $44 billion. Eight weeks after Qualcomm officially walked away, NXP stock is at $92.

The Zacks Analyst Blog Highlights: Apple, Fitbit, Cisco Systems, Qualcomm and Micron Technology
Wed, 19 Sep 2018 10:49:10 +0000
The Zacks Analyst Blog Highlights: Apple, Fitbit, Cisco Systems, Qualcomm and Micron Technology

Qualcomm CEO Mollenkopf Sees Chance of Apple Settlement This Year
Tue, 18 Sep 2018 19:18:48 +0000
Sep.18 — Qualcomm CEO Steve Mollenkopf speaks to Bloomberg's Emily Chang on the set of Bloomberg's Studio 1.0 about Qualcomm's IP dispute and partnership with Apple.

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