Qualcomm Offering Possible 5.26% Return Over the Next 32 Calendar Days

Qualcomm's most recent trend suggests a bullish bias. One trading opportunity on Qualcomm is a Bull Put Spread using a strike $67.50 short put and a strike $62.50 long put offers a potential 5.26% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $67.50 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $62.50 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 63.26 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Qualcomm

QCOM Starts Shipping Smartwatch Toq
Tue, 19 Nov 2013 22:44:44 GMT
Zacks – Connected Experiences, Inc., the business arm of Qualcomm Inc., will start shipping its Toq smartwatch from Dec 2.

Qualcomm Analyst Day on Tap: Margins, Capital Allocation in Focus
Tue, 19 Nov 2013 19:22:00 GMT
Barrons.com – Qualcomm (QCOM) will host its annual analyst confab at the Ritz-Carlton hotel in downtown Manhattan tomorrow, and several Street observers today weighed in with their thoughts on what to expect. Qualcomm shares today are down 5 cents at $71.89. Barclays's Blayne Curtis, who has an Overweight rating on the shares, and a $74 price target, writes that “the main focal point of the day will be its FY14 outlook and slower top line growth, as well as the drivers behind the implied inflection in QCT GMs [gross margins] and device ASPs and the $4B in buybacks that kept EPS in line” for the current fiscal year. A major topic of discussion is how Qualcomm will allocate capital given so much of its cash flow, and its cash pile, are overseas: QCOM has committed to $4B+ in FY14 buybacks and will likely spend another ~$2.5B/yr in dividends.

Risk, Reward Balance Qualcomm
Tue, 19 Nov 2013 17:20:02 GMT
Zacks – We reiterate our long-term Neutral recommendation on Qualcomm.

Fund Stars: Qualcomm Bears Have It All Wrong
Tue, 19 Nov 2013 16:07:22 GMT
Seeking Alpha – By Carla Fried For the past 18 months, Qualcomm ( QCOM ) stock has failed to join in the rally, lagging the market by more than 20 percentage points. Normally you'd have to have some sort of systemic problem …

Google-Qualcomm Patent Fight Enters Silicon Valley Arena
Tue, 19 Nov 2013 15:57:15 GMT
Bloomberg – Google Inc. and Qualcomm Inc., two California technology companies on opposite sides of a Washington debate over U.S. patent law, may soon take their fight closer to home.

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