Qualcomm (QCOM) Offering Possible 7.99% 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 $80.00 short call and a strike $85.00 long call offers a potential 7.99% 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 $80.00 by expiration. The full premium credit of $0.37 would be kept by the premium seller. The risk of $4.63 would be incurred if the stock rose above the $85.00 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 47.96 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 Samsung Closer to Cutting Qualcomm Out?
Sun, 13 Jul 2014 11:02:24 GMT
Motley Fool – Perhaps, but the situation is never so simple.

Qualcomm: Inching Towards Leadership In Emerging Markets
Sun, 13 Jul 2014 08:05:38 GMT

[$$] Behind the Scenes in Wireless
Sat, 12 Jul 2014 06:26:00 GMT

The Top Ten Stocks for July 11
Fri, 11 Jul 2014 20:24:07 GMT

Qualcomm: Don't Sweat Pause in Smartphones, Says Credit Suisse
Fri, 11 Jul 2014 19:15:00 GMT
Barrons.com – Folks, this is what makes a market: the same day as Goldman's removal of Qualcomm (QCOM) from its “Conviction Buy List,” citing a pause in smartphone activity that may be imminent, Credit Suisse's Kulbinder Garcha today reiterated an Outperform rating on the shares, stating that investors should not be worried about any such speed bump. “While the high-end smartphone growth has decelerated, we have captured this in our estimates,” writes Garcha, “and believe the accelerating shift from feature phones to smartphones provides licensing volume upside.” Morevoer, progress in China for Qualcomm is something to look forward to: While the concerns of weak Apple (AAPL) volumes are an overhang, as are Samsung [Electronics]'s (005930KS) overall smartphone volumes, we believe Snapdragon 400 has gained great traction in China as LTE adoption is accelerating. As handset vendors continue to increase portfolio exposure to LTE, Qualcomm will be able to win more incremental content dollars driven by innovations such as RF360.

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