Qualcomm's most recent trend suggests a bullish bias. One trading opportunity on Qualcomm is a Bull Put Spread using a strike $77.50 short put and a strike $72.50 long put offers a potential 10.62% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $77.50 by expiration. The full premium credit of $0.48 would be kept by the premium seller. The risk of $4.52 would be incurred if the stock dropped below the $72.50 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 58.9 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Qualcomm
Why Qualcomm's Use of ARM Makes Sense
Mon, 21 Apr 2014 18:33:01 GMT
Old-tech stocks can be new again: BlackRock
Mon, 21 Apr 2014 17:43:56 GMT
BlackRock: Old tech is king
Mon, 21 Apr 2014 16:00:00 GMT
Qualcomm price target raised to $90 from $82 at CLSA
Mon, 21 Apr 2014 13:37:25 GMT
theflyonthewall.com – CLSA expects Qualcomm's Q1 and Q2 to be inline but longer-term, sees meaningful margin upside in QCT from likely consolidation in the baseband industry. The firm views valuation as attractive and reiterates …
Why Qualcomm's New Chip Looks Great
Mon, 21 Apr 2014 13:30:16 GMT
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